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...
Source: sramanamitra.com