Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Twilio Stock Plunged Today

TheMotleyFool

0 0

Shares of Twilio (NYSE: TWLO) fell 17.6% on Thursday after the communications software provider offered a tepid financial outlook and announced the departure of a key executive.

Twilio's active customer base grew to over 250,000 accounts as of the end of September, up from 208,000 at the end of the year-ago quarter. The company also continues to find success with selling more services to its existing clients, as evidenced by its dollar-based net expansion rate of 131%. Together, this helped to drive Twilio's revenue higher by 65% year over year to $740.2 million.

"We delivered another quarter of strong growth at scale in the third quarter as companies continue to turn to Twilio in this digital-first world," CEO Jeff Lawson said in a press release.

Source Fool.com

Like: 0

TWLO

Share