Twilio reports Q1 2017 revenue of $87.4 million, but stock tumbles over weak guidance - VentureBeat ...

Twilio reviews Q1 2017 revenue regarding $87.4 million, nevertheless stock tumbles more than weak guidance | VentureBeat | Cloud | through Ken Yeung



Twilio ($TWLO) has reported its initial quarter 2017 earnings, revealing that will it generated $87.4 million in revenue, a 47 percent annual increase, with a non-GAAP net loss per share of $0.04.

Wall Street analysts had expected the organization to be able to report $83.6 million inside revenue and a non-GAAP net loss for each reveal involving $0.06.

Shares in the organization were down 1.34 percent for that day to seal in $33.93. in after-hours trading, Twilio's stock fell sharply more than 27 percent, largely credited in order to weaker guidance -- the company dropped its estimate for that complete yr coming from among $364 million and $372 million in order to $356 million in order to $362 million. Its non-GAAP net loss per reveal furthermore fell from among $0.19 to $0.15 for you to $0.30 as well as $0.27.



The cloud-based telecommunications company continues to accumulate customers: This presently has 40,696 accounts as involving March 31, 2017, the 42 percent year-over-year increase.



"We made continued progress across a new variety of our important initiatives within the very first quarter, delivering further item innovation and adding new consumers of all kinds at a rapid pace around the globe," Twilio chief executive Jeff Lawson said in a statement. "While we have been seeing several changes within the relationship using our largest customer, our momentum over the enterprise continues to be strong, usi ng a 42 % year over 12 months growth in Active customer Accounts plus a 62 % 12 months more than 12 months rise in Base Income throughout the quarter."



In days gone by quarter, Twilio marked its achievements by bringing in a new chief operating officer, former Salesforce executive George Hu; launching any way to permit you signal and also get faxes; along with extended its partnership along with Amazon Net services along with new assistance with regard to Amazon Connect.



Why Twilio's guidance will be under formerly expected can be unknown, nevertheless hopefully Lawson will most likely be in the place to answer that during the company's quarterly earnings call, scheduled for later on today.

Upda te as of 4:23 p.m. Pacific upon Tuesday: Twilio provides attributed its revised guidance to Uber reducing its utilization with the platform.

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