2023-08-08 16:38:40 ET
Class A shares of Twilio ( NYSE: TWLO ) on Tuesday rose more than 7% in extended trading, after the enterprise software company reported a Q2 top and bottom line beat and raised its full year adjusted operating income guidance.
TWLO stock advanced 7.2% to $62.59 after hours.
For Q2, TWLO earned 54 cents per share on an adjusted basis on revenue of $1.04B. Analysts were expecting EPS of $0.30 on revenue of $987.17M.
Twilio ( TWLO ) said its active customer accounts surpassed 300K for a second straight quarter, coming in at 304K at the end of Q2 versus 275K a year ago.
"We closed a strong second quarter, delivering record quarterly revenue, non-GAAP income from operations and free cash flow,” TWLO top boss Jeff Lawson said in a statement.
Coming into the earnings report, TWLO stock had seen some negativity from analysts, amid declining demand for its cloud and communications tech services as customers spend more selectively on cloud. Barclays had been "cautious" on TWLO, while Piper Sandler downgraded the stock.
Twilio ( TWLO ) also provided Q3 revenue guidance of $980M to $990M, compared to a consensus estimate of $1.02B. Adjusted earnings per share is expected between $0.33 to $0.37 versus an estimate of $0.30.
Full year adjusted income from operations is now anticipated to be $350M to $400M, from an earlier range of $275M to $350M.
Earlier this year in May, Twilio ( TWLO ) garnered some attention after a report that activist investor Legion Partners had met with the company and was pushing for changes.
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Twilio +7% postmarket after active customer accounts pass 300K for second straight quarter