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Twilio Stock Soars on Second Quarter Revenue Surge

Shares of cloud communication company Twilio soared 10% on Monday after it reported a nearly 50% gain in quarterly revenue.

Second quarter revenue rose to $95.9 million, up from $64.5 million in the same quarter a year earlier.

Following the earnings report, Twilio’s stock jumped $3.13 in after-hours trading to $33.66. In regular trading, before the earnings report, the company’s stock gained $1.32, or 4.5%, to close at $30.53.

Investors reacted dramatically different to Twilio’s second quarter results from the previous quarter, when the company’s shares plummeted...