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Twilio (TWLO) Skyrockets After Q2 Earnings and Revenue Beats

After surging more than 4.6% during regular trading hours on Monday, shares of Twilio TWLO gained another 12% in after-hours following the release of its second-quarter financial report, which saw the cloud communications app maker surpass expectations on the top and bottom line.

Twilio reported total revenue of $95.9 million, which marked a 49% year-over-year improvement and beat our consensus estimate of $86 million. The company posted a non-GAAP loss of 5 cents per share, beating Street estimates that called for a loss of 11 cents. Adjusting for some costs, Twilio reported a loss of 20 cents per share, matching the Zacks Consensus Estimate for earnings this quarter.

“I’m extremely proud of what our team was able to deliver at our SIGNAL Conference in Q2. We announced 42 new products around SIGNAL - from speech recognition and our new...