Wall Street analysts had been expecting the cloud communications company to bring in $58.22 million with an EPS loss of $0.14. Twilio’s performance has beat their expectations.
Shares in the company closed up 2.43 percent at $42.50 for the day, but in after-hours trading, it’s gone up 0.35 percent.
“We delivered strong results in our first quarter as a public company, as we saw continued growth across our product lines,” remarked Jeff Lawson, Twilio’s cofounder and CEO. “Customers around the world use Twilio to build differentiated experiences for their end users by embedding communications into their software applications. The successful completion of our IPO in June will provide additional capital and brand visibility to drive our growth in the future as we look to fuel the future of communications.”
One of the more notable metrics from the past quarter is that as of June 2016, there are 45 percent more active customer accounts — 30,780. The company is still seeing losses but not as bad anymore; in the six months ending in June, losses went from $18.24 million to $17.46 million.
It also listed guidance for the third quarter at between $63 million and $65 million in revenue, with a non-GAAP net loss per share range of $0.09 and $0.10. As for the full year, the company expects to bring in between $253 million and $257 million in revenue.
Its performance over the past few weeks was attributed to Twilio’s product releases, such as its integration with Facebook Messenger, the debut of its add-on offering Twilio Notify, its programmable wireless platform, and Twilio Sync.
Twilio made clear its intentions to pursue the public market in May, filing paperwork with the U.S. Securities and Exchange Commission to raise $100 million. But interest among investors was high; although shares were initially priced at $15, when the opening bell rang, Twilio saw the price jump 60 percent to $23.99 before closing at $28.53, an increase of 90 percent. Over the following weeks, even amid the Brexit vote, the company’s stock continued to perform well — it’s now up nearly 49 percent since it went public.