The cloud communication company, Twilio, announced its quarterly earnings, which led to a positive market reaction.
The revenue topped by far the $454.8 million, as the figures came in at $548.1 million. Compared to last year’s quarterly revenue, the 2020 ones were 65% higher.
As the pandemic forced many people to work remotely, the number of active users increased by 13,000 in the fourth quarter, bringing the total to 221,000.
For the future, Twilio expects an adjusted loss of 12 cents to 9 cents per share, on revenues as high as $536 million in the first quarter. On the other hand, analysts forecast an adjusted loss of 2 cents per share on $492.1 million revenues.
After the news hit the wires, Twilio stock price went up more than 10%. Year-to-date, the company’s stock price added 22%, while USA500 rose less than 5%.
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Source: cnbc.com