Twilio

Cloud communications company Twilio has seen a spike in its share price going up over 20% as of today’s trading over its earnings beat with the company reporting a profitable quarter ahead of a scheduled time where it set to begin minting profits with total revenue for its most recent quarter coming at $147.8 million compared to analyst expectations of $131.1 million.

“As we have mentioned for some time, gaining the break even has been an important milestone for the company,” Twilio CFO 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.”

The 10 year old San Francisco based company sells its enterprise communication platform as a service to several notable names including Deliveroo, Airbnb, Intuit, Trulia, Dell, Zendesk, Lyft, Salesforce, Hulu, Box, Twitch, Yelp, Twitter, Go-Jek and other companies who make use of its service for programmable messaging, security and communication for its teams and users.

Founded in 2008 by entrepreneur trio Jeff Lawson, Evan Cooke, and John Wolthuis, Twilio has grown by a vast amount since then to now commanding a market cap of over $7 Billion after going public 2 years ago.

Twilio has courted large corporate clients for its platform with the move led by CEO Jeff Lawson minting greater revenues for the company as it takes on this strategy while expanding the sales team and boosting its product portfolio.

Doubling down on sales from already existing clients has also been a major part of its strategy.

With Twilio stock increasing 168% since the start of this year, The company has shown it can double down and scale its product ecosystem and in turn delivering much more better results for the company which has impressed investors and Wall Street analysts.

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