Cloud Services Provider Twilio Inc. Posts Market-Beating Q4 Results

Written by StockNews.com

Twilio Inc (NYSE:TWLO) posted market-beating fourth quarter results after the markets closed and offered a mixed outlook, as customer accounts surged from last year.

The San Francisco-based cloud services provider reported Q4 EPS of breakeven, which was $0.05 better than the Wall Street consensus estimate of ($0.05). Revenues surged 59.7% from last year to $82 million, easily beating analysts’ $74.08 million view.

Twilio noted it had 36,606 Active Customer Accounts as of December 31, 2016, up 44% from 25,347 accounts at the end of 2015.

Looking ahead, TWLO forecast Q1 EPS of ($0.07) to ($0.06), which is a worse loss than the ($0.04) analysts are expecting. Q1 revenues are seen between $82 and $84 million, however, well ahead of analysts’ $77.68 million view.

The company commented via press release:

“Our fourth quarter and full year results demonstrate the power of our platform business model that starts with developers and extends to some of the largest enterprises in the world,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer. “As we look into 2017, we will continue to invest in innovation and growth with the goal of powering the software-based future of communications.”

...Year-to-date, TWLO had gained 7.31% prior to today’s report, versus a 2.42% rise in the benchmark S&P 500 index during the same period.

TWLO currently has a StockNews.com POWR Rating of NR (Not Rated), and is unranked among 10 stocks in the Software – SAAS category.