Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its third quarter results that surpassed market expectations. The outstanding performance helped take the stock 7% higher in the after-hours trading session. Twilio's Financials Twilio's third quarter revenues grew 5% to $1.03 billion, surging ahead of the market's forecast of $985 million. Earnings of $0.58 per share was also significantly better than the analyst estimate of $0.35 per share. Communications revenue grew 5% to $906.7 million, and Data & Applications revenue jumped 9% to $127 million. Among key metrics, Twilio ended the quarter with more than 306,000 active customer accounts compared to more than 280,000 a year ago. Dollar-Based Net Expansion Rate was 101% compared to 122% a year ago. Twilio expects to end the fourth quarter with revenues of $1.03-$1.04 billion and earnings of $0.53-$0.57 per share. The market forecast revenues of $1.03 billion and earnings of $0.
COMPANY NEWS: At Signal 2023, Twilio, the customer engagement platform that drives real-time, personalised experiences for today’s leading brands, ann.