Twilio, the leading communications-software, cloud-based-platform, and services developer, announced its impressive performance in the third quarter of 2021. The company showcased better-than-expected results with remarkable growth in both revenue and earnings.
Twilio significantly reduced its net loss attributable to common shareholders, reporting a figure of $141.7 million, or 78 cents per share, for the period ending on September 30th. This is a substantial improvement compared to the previous year's loss of $482.3 million, or $2.63 per share. Adjusted earnings per share stood at 58 cents, surpassing analysts' estimates of 37 cents per share.
Impressive Revenue Growth
The company experienced a 5% increase in revenue, reaching a total of $1.03 billion in Q3 2021, compared to $983 million in the same period last year. Market analysts had anticipated revenue to be around $989.9 million. Notably, the growth was primarily driven by a 5% surge in communications revenue, while data & applications revenue witnessed a substantial 9% increase.
Future Vision and Outlook
CEO Jeff Lawson emphasized that Twilio is committed to establishing a solid foundation for sustained profitability. The company intends to invest in its CustomerAI vision, aiming to deliver even more compelling outcomes for both customers and shareholders over the long term.
In conclusion, Twilio's Q3 2021 results demonstrate strong financial performance and optimistic prospects for the future. With its focus on innovation and customer satisfaction, Twilio continues to solidify its position as a leader in the communications industry.
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