MARKET REPORT
Twilio raises full-year growth outlook after record quarterly revenue; shares jump 25%
Executive takeaway
The cloud communications company posted record revenue of $1.5 billion and lifted its full-year growth guidance to 18%, sending the stock up 25% in a single session.
Twilio reported record quarterly revenue of about $1.5 billion and raised its full-year revenue growth guidance to 18%, marking a second consecutive quarter of accelerating growth.
The stock rose 25% in one trading day following the report, one of the larger single-session moves among software names this earnings season.
Management tied the revised outlook to the improved growth trajectory in its communications platform business.
Wire sources cited
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.