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Cloud Stocks: Twilio Adds AI Use Cases

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. ....

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Twilio Inc. (NYSE:TWLO) Q3 2023 Earnings Call Transcript

Operator: Good afternoon and welcome to the Twilio Third Quarter 2023 Earnings Conference Call. All participants are now in listen-only mode. ....

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Twilio Announces Third Quarter 2023 Results

08.11.2023 - Twilio (NYSE: TWLO), the customer engagement platform that drives real-time, personalized experiences for today’s leading brands, today reported financial results for its third quarter ended September 30, 2023. “Twilio had a strong third quarter, . ....

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Fastly Announces Third Quarter 2023 Financial Results

Fastly Announces Third Quarter 2023 Financial Results
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Cloud Stocks: Twilio Focused on Integrating AI into UCaaS

According to a recent report, the global Unified Communication as a Service (UCaaS) market is projected to grow at 15% CAGR to reach $85.77 billion by 2030 from $32.01 billion in 2023. Communications PaaS player Twilio (NYSE: TWLO) recently announced its second quarter results that surpassed market expectations. The company is leveraging AI capabilities into its tools to continue to drive its growth rate. Twilio's Financials Twilio's second quarter revenues grew 10% to $1.04 billion, surging ahead of the market's forecast of $984.5 million. Earnings of $0.54 per share was also significantly better than the earnings of $0.29 per share forecast by the market. Among key metrics, Twilio said it had over 304,000 active customer accounts at the end of the quarter, compared with 275,000 a quarter ago. Dollar-Based Net Expansion Rate was 103% for the second quarter, compared to 123% for the second quarter of 2022. Twilio expects to end the current quarter with revenues of $980 ....

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