Is Twilio Stock a Buy Now?
Twilio's (NYSE: TWLO) stock surged 12% during after-hours trading on Feb. 15 following its fourth-quarter earnings report. The cloud-based communication software provider's revenue rose 22% year over year to $1.02 billion, which beat analysts' estimates by $20 million. On an organic basis, which excludes its recent acquisitions, its revenue rose 21%.
On the bottom line, Twilio posted an adjusted net profit of $41 million, compared to its net loss of $36 million a year earlier, as its adjusted earnings of $0.22 per share easily cleared the consensus forecast by $0.30. On a generally accepted accounting principles (GAAP) basis, its net loss narrowed from $291 million to $229 million.
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Source Fool.com
