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Enterprise Cloud

Twilio Shares Soar as Cloud Company Reports Q2 Profit

Twilio, a cloud business-to-business messaging software company, beat Wall Street’s expectations in a fiscal second quarter that saw it reach profitability (excluding items) ahead of schedule, according to this report from CNBC. It’s the latest positive development for the 10-year old company, whose shares have risen nearly 190% since the beginning of the year, giving it a valuation close to $6 billion. 

Twilio’s software is used by companies like Airbnb, Uber, and Facebook to send text alerts within mobile applications. The company caters specifically to developers, a factor that  caused skepticism among some would-be investors early on, who felt such a narrow focus would limit its growth potential. But now, in the wake of Microsoft’s $7.5 billion acquisition of GitHub last month, it is clear that developer-focused companies are anything but niche plays. 

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