- On Wednesday, cloud communications platform Twilio's stock surged as high as 34 percent in intraday trading, bringing its market cap up over $9 billion.
- The surge comes the morning after the company reported a big beat on its quarterly earnings: Twilio reported revenue of $168.9 million, well ahead of Wall Street's expectations of $150.5 million.
- Twilio also posted earnings of 7 cents per share, versus 5 cents expected.
- In the past quarter, Twilio acquired Ytica and announced it would acquire SendGrid, both of which would help expand its cloud communications platform.
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Shares of $9 billion cloud communications company Twilio stock soars 34 percent after reporting a huge beat on earnings (TWLO)
The $9 billion cloud communications platform Twilio saw its stock surge after it posted earnings. Here's what Twilio reported.
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