KEY WAY MARKETS LTD provides services to Retail clients, Professional clients, and Market Counterparties. Trading leveraged products is highly speculative, involves significant risk of loss, and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant Risk Disclosure and warnings here: 
Both the revenue and the number of active users grew in the past quarter
The cloud communication company, Twilio, announced its quarterly earnings, which led to a positive market reaction.
The revenue topped by far the $454.8 million, as the figures came in at $548.1 million. Compared to last year’s quarterly revenue, the 2020 ones were 65% higher.
As the pandemic forced many people to work remotely, the number of active users increased by 13,000 in the fourth quarter, bringing the total to 221,000.
For the future, Twilio expects an adjusted loss of 12 cents to 9 cents per share, on revenues as high as $536 million in the first quarter. On the other hand, analysts forecast an adjusted loss of 2 cents per share on $492.1 million revenues.
After the news hit the wires, Twilio stock price went up more than 10%. Year-to-date, the company’s stock price added 22%, while USA500 rose less than 5%.
Check out more earnings reports on our Market News section!
Source: cnbc.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.
