Home / Technology / Twilio tops Q4 targets, CFO to depart

Twilio tops Q4 targets, CFO to depart

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Cloud-based communications supplier Twilio reported fourth quarter and monetary 2017 monetary effects Tuesday.

The corporate posted a This autumn web lack of $20.2 million, or 20 cents in step with proportion.

Twilio’s non-GAAP profits have been a lack of three cents a proportion on income of $115.2 million, up 41 p.c yr over yr. Wall Side road was once bracing for a lack of 6 cents a proportion on income of $103.7 million.

For the yr, Twilio’s income was once $399 million, up 44 p.c once a year, with an EPS lack of 19 cents a proportion. Stocks of Twilio have been up just about 7 p.c in after marketplace buying and selling.

“We’re kicking off our 10th yr as an organization with fabulous momentum. I am very happy with the staff for our fourth quarter efficiency, however my pleasure lies within the foundations we have now laid for the following ten years of Twilio,” mentioned Twilio CEO Jeff Lawson. “We’re poised for a stellar yr forward, constructed on our relentless focal point on buyer good fortune, high quality, and software-fueled innovation.”

Twilio additionally introduced that CFO Lee Kirkpatrick was once leaving the corporate after six years at the task. A seek for his substitute will start in a while and must be finished earlier than the top of the yr, Twilio mentioned.

In other places at the steadiness sheet, Twilio mentioned that it ended 2017 with 48,979 energetic buyer accounts, up from 36,606 energetic accounts the yr prior. With regards to steering, Twilio mentioned it expects a primary quarter EPS loss between 7 cents and six cents, with income within the vary of $115 million and $117 million. Analysts be expecting Twilio to record Q1 profits with a lack of five cents a proportion with income of $108.2 million.

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