Twilio Inc. (NYSE:TWLO) shares are trending on Friday.
TWLO shares surged 18.84% to $175.96 in overnight trading on Thursday after the customer engagement platform posted first-quarter results, beating analyst estimates on both earnings per share and revenue.
What Does Q1 Data Show
On Thursday, Twilio reported revenue of $1.41 billion, up 20% year-over-year, beating the analyst estimate of $1.34 billion by 4.86%, with organic revenue growth of 16%. GAAP income from operations jumped 366% year-over-year to $107.7 million.
Non-GAAP diluted EPS of the California-based company rose to $1.50, beating the analyst estimate of $1.13 by 32.74%.
According to Twilio, the Dollar-Based Net Expansion Rate, which measures revenue growth from existing customers, accounting for upgrades, cross-sells, downgrades and churn, expanded to 114% from 107% a year ago, signaling stronger customer monetization.
CEO Khozema Shipchandler said, “Q1 was a milestone quarter for Twilio, marked by our highest revenue and gross profit growth rates in more …
