Twilio co-founder and CEO Jeff Lawson Photo by Steve Jennings/Getty Images for TechCrunch

Twilio, a company well-known for its cloud communications platform that’s used by more than 150,000 businesses, recently released its Q2 2019 results, revealing impressive business stats for the second quarter of this year. Twilio recorded $275 million in revenue for the quarter, up 86% from the same period last year. The high jump in revenue can be partially attributed to the addition of that of SendGrid, an e-mail communications platform Twilio acquired for $3 billion earlier this year. Twilio closed the acquisition on the 1st of February and recorded SendGrid’s revenue starting from that day.

In addition to its impressive revenue, Twilio has also crossed a $1 billion annualized revenue run rate. Other key takes from its Q2 results include:

• $93.7 million GAAP (generally accepted accounting principles) loss
• 161,869 active customer accounts as of Q2 end [June 30], compared to 57,350 in the same period last year
• 2,369 employees as of Q2 end
• $98.8 million in R&D spend for the quarter
• $90.4 million sales and marketing spend for the quarter
• $535.9 million in cash and cash equivalents as of Q2 end

Twilio is projecting roughly $1.1 billion in revenue for the whole year, a target that’s nearly 70% more than the $650 million it raked in last year.

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