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Twilio (NYSE:TWLO) reported second quarter 2024 financial results after the markets closed on Thursday that topped expectations as the cloud communications company increased year-over-year active customer accounts.
Twilio ticked up 5% in early post-market trading.
For the quarter ended June 30, Twilio reported earnings per share of $0.87 versus the consensus estimate of $0.70. Revenue totaled $1.08 versus the estimate of $1.06B.
Looking ahead, Twilio expects revenue of $1.085B to $1.095B, which is in line with the consensus of $1.09B. It expects earnings per share ranging from $0.81 to $0.86, which is more than the consensus of $0.74.
Twilio increased its non-GAAP income from operations range for fiscal year 2024 to $650M to $675M, up from $585M to $635M.
Twilio also narrowed its full year 2024 organic revenue growth guidance to 6%-7% from 5%-10%.
"By combining our leading communications capabilities, our rich and contextual data, and the power of AI, we are uniquely positioned to unlock smarter and more personalized interactions for brands that drive more revenue for them at a lower cost," said Twilio CEO Khozema Shipchandler.
Its active customer accounts increased to 316,000 compared to 304,000 last year.
Twilio also reported it has repurchased more than $2.2B in shares of its $3B buyback plan. It is on track to complete the buyback plan by the end of the year.
The company is holding an earnings call at 5 p.m. EDT to discuss the results.