Twilio Inc. (TWLO), a leading provider of customer engagement platform solutions, reported solid results for its second quarter that ended June 30, 2024. The company’s total revenue came in at $1.08 billion, surpassing analysts’ estimate of $1.06 billion. It posted non-GAAP net income per share of $0.87, compared to the consensus estimate of $0.70.
Moreover, Twilio recorded more than 316,000 Active Customer Accounts as of June 30, 2024, compared to over 304,000 Active Customer Accounts as of June 30, 2023. Its Dollar-Based Net Expansion Rate of 102% for the second quarter of 2024 versus Dollar-Based Net Expansion Rate of 103% for the second quarter of 2023.
