Here are the key numbers:
- Earnings: 3 cents per share, excluding certain items, vs. loss of 5 cents per share as expected by analysts, according to Thomson Reuters.
- Revenue: $147.8 million, vs. $131.1 million as expected by analysts, according to Thomson Reuters.
The company achieved profitability, excluding certain items, one quarter earlier than it had expected, thanks to strong revenue generation in the second quarter, chief financial officer Lee Kirkpatrick said on a conference call with analysts on Monday. One quarter ago, Twilio had said it was expecting a loss of 5-6 cents per share, excluding certain items, for the second quarter.
"As we have mentioned for some time, gaining the break even has been an important milestone for the company," Kirkpatrick said. Looking ahead, given our leadership position in this massive market, we should expect our parties to remain on reinvesting for growth rather than operating margin expansion."