Twilio beats revenue, earnings estimates

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Twilio Inc.’s banal was initially down 2% successful extended trading Thursday aft the institution reported second-quarter results.

“Our beardown momentum continued successful the 2nd 4th arsenic our gross maturation accelerated astatine a tally complaint of much than $2.6 billion,” Twilio Chief Executive Jeff Lawson said successful a connection announcing the results.

“The integer scenery is much important than ever, and the privateness trends — which are needed — mean the tactics of yesteryear don’t enactment anymore,” Lawson told MarketWatch aft the results were announced. “Every institution has to up its crippled successful integer translation during the pandemic.”

Twilio TWLO, -0.46% reported a nett nonaccomplishment of $227.9 million, oregon $1.31 a share, vs. nett income of $99.9 million, oregon 71 cents a share, successful the year-ago quarter. The institution reported adjusted nett nonaccomplishment of 11 cents a share.

Revenue bolted 67% to $668.9 cardinal from $400.8 cardinal a twelvemonth ago.

Analysts surveyed by FactSet had expected a nett nonaccomplishment of 13 cents a stock connected gross of $599 million.

Twilio’s shares are up 15.5% truthful acold successful 2021. The broader S&P 500 index  SPX, +0.42%  has gained 18% this year.

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