Twilio (NYSE:TWLO) shares experienced more than a 10% rise intra-day today, following the release of its Q2 financial figures. The company’s EPS, standing at $0.54, outperformed the Street’s estimate of $0.30. Additionally, with a 10% year-over-year growth, its revenue reached $1.04 billion, surpassing the Street projection of $987.07 million.
For the third quarter of 2023, Twilio forecasts an EPS between $0.33 and $0.37, which is above the expected $0.30. However, they project their revenue to range from $0.98 billion to $0.99 billion, slightly under the Street forecast of $1.02B.
Twilio has also raised its annual guidance, now anticipating its non-GAAP Income from Operations to fall between $350 million and $400 million.