Twilio (TWLO) is slated to report its fourth quarter and full-year 2018 results on Tuesday, February 12 after the bell. Wall Street expects the cloud computing platform to earn 4 cents per share on revenue of $185.01 million for the recently ended quarter. Shares of Twilio, which hit a 52-week high ($116.54) on Tuesday, advanced 4.23% to $114.78 at the close of market hours on Friday.
Let’s take a look at Twilio’s Q3 2018 earnings results.
The San Francisco-based tech firm topped analysts’ views on earnings and revenue for the third quarter as well as guidance for the fourth quarter.
The company had guided total revenue to be in the range of $183 million to $185 million and non-GAAP EPS to be in the range of $0.03 to $0.04 for the fourth quarter of 2018. Base revenue is predicted to be between $174 million and $175 million.
For the full year 2018, Twilio lifted total revenue outlook to a range of $629 million to $631 million from the prior estimate of $585.5 million to $589.5 million and its non-GAAP EPS guidance to a range of $0.10 to $0.11 from the prior range of $0.02 to $0.04. Base revenue forecast was lifted to $581 million to $582 million range from the prior estimate of $546.5 million to $548.5 million.
Twilio’s product innovation coupled with the demand in the cloud communications platform space has helped the company to grow quarter over quarter in 2018. It is evidenced from the fact that this strong momentum continues in 2019 with Twilio stock registering a 29% growth so far this year.
Investors will be keenly looking at the active customer accounts, which grew 32% year-over-year to 61,153 in the third quarter. The company has been growing its active customer base consistently quarter over quarter.
On February 1, 2019, Twilio completed the acquisition of bulk email sender SendGrid, which it acquired on October 15, 2018. This transaction is valued at approximately $3 billion.
Last month, Chee Chew joined Twilio as its Chief Product Officer, who had formerly served for tech giants like Amazon (AMZN), Hewlett-Packard (HPQ), Google and Microsoft (MSFT). In November 2018, Twilio added technology pioneer Donna Dubinsky to its Board of Directors. “We are thrilled to have her join the Twilio board as we work to transform the communications industry from its legacy in hardware to its future in software,” said CEO Jeff Lawson.
On average, analysts recommend to “Buy” Twilio stock, which had a bullish run in the past 12 months period. The stock had skyrocketed 380% in the past 12 months and surged 24% in the last 90 days.
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