For years, technology platform provider (NYSE: TWLO), like many tech companies, prioritized growing its business over profits, resulting in a whopping net loss of $1.3 billion in 2022, up from $950 million in 2021. But over the past year, as macroeconomic conditions, such as rising interest rates, hit tech stocks particularly hard, and Twilio's revenue growth decelerated, the company underwent a transition amid this challenging environment.
In recent months, Twilio shifted its focus toward achieving profitability. Not only that, the company also restructured its organization into two divisions called Communications and Data Applications.
Do these shifts make Twilio an attractive investment? Understanding the implications of these changes and unpacking where Twilio is today can provide insights into whether Twilio makes a good long-term investment.
Source Fool.com