SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Twilio Inc.A (TWLO) on Thursday reported first-quarter net income of $90.1 million.
On a per-share basis, the San Francisco-based company said it had net income of 57 cents. Earnings, adjusted for one-time gains and costs, were $1.50 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The company posted revenue of $1.41 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.34 billion.
For the current quarter ending in June, Twilio expects its per-share earnings to range from $1.27 to $1.32.
The company said it expects revenue in the range of $1.42 billion to $1.43 billion for the fiscal second quarter.
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