Earnings

Twilio forecasts more quarterly revenue than expected

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Jeff Lawson, CEO, Twilio

Scott Mlyn | CNBC

Shares of cloud communications company Twilio rose as much as 10% in extended trading on Thursday after the company said in a filing that it expects more third-quarter revenue than the $401 million to $406 million range it had provided in August.

Analysts polled by Refinitiv had expected $407.9 million in revenue for the third quarter. The range had implied 36% to 38% growth, which would be down from 46% in the second quarter.

Many cloud companies have seen gains this year as schools and companies have had to rely on the online software to keep people connected during coronavirus quarantines. The day after Twilio reported its first-quarter results,…



Source cnbc.com

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