By Emon Reiser
Twilio swung to a profit and accelerated its first-quarter revenue growth as its customer count increased.
The San Francisco-based communication-tools provider posted a profit of $20 million, or 12 cents, compared with a loss of $55.3 million, or 31 cents a share, a year earlier.
Stripping out certain one-time items, the company posted an adjusted profit of $1.14 a share, beating the 96 cents a share expected by analysts surveyed by FactSet.
Revenue rose 12% to $1.17 billion, beating the $1.14 billion analysts expected. The company reported revenue of $1.05 billion in the year-ago quarter.
Active customer accounts increased to more than 335,000 from 313,000 a year ago.
For the second quarter, Twilio guided for revenue of $1.18 billion to $1.19 billion. Analysts expect $1.17 billion. It forecasts adjusted earnings per share of 99 cents to $1.04. Analysts expect $1.04
For the full year, the company raised its organic revenue target to between 7.5% and 8.5% growth.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
May 01, 2025 16:52 ET (20:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.