Twilio, Inc. (NYSE: TWLO), a leading provider of programmable communication tools, on Wednesday reported a 41% increase in revenues for the second quarter of 2022. However, the bottom line remained in the negative territory.
The company reported a loss of $0.11 per share for the second quarter, on an adjusted basis, which is unchanged from the year-ago period.
Check this space to read management/analysts’ comments on Twilio’s Q2 2022 earnings
On an unadjusted basis, it was a net loss of $322.8 million or $1.77 per share for the latest quarter, compared to a loss of $227.9 million or $1.31 per share in the second quarter of 2021. Revenues increased 41% year-over-year to $943.4 million during the three-month period.
“Based on our results and what we’re currently seeing, we remain confident in our growth trajectory as our customers continue to turn to Twilio’s Customer Engagement Platform to help build direct relationships with their customers. We are closely following the macroeconomic environment and are taking proactive steps that will enable us to remain laser-focused on our customers and executing against our top priorities,” said Jeff Lawson, Twilio’s CEO.
Stocks you may like:
Fewer companies filed for initial public offering this year, compared to 2021 when the market witnessed a record number of IPOs. With only a few weeks left for the year
Chipotle Mexican Grill (CMG): A few points to keep in mind if you have an eye on this restaurant chain
Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) were down 3% on Tuesday. The stock has dropped 13% year-to-date but there is still a positive sentiment in general about its
The cloud infrastructure market in the U.S. is projected to grow by double digits through 2030. The fast-paced cloud adoption has made leading tech firms like Oracle Corporation (NYSE: ORCL)