Twilio Q1 results top estimates

Twilio's share price was up more than two percent in after hours trading.

Cloud-based communications provider Twilio reported better-than-expected first quarter financial results on Tuesday.

The Next IT Transformation

What you need to know before implementing edge computing

These are the questions your firm should ask before going down the route of edge analytics and processing.

Read More

The San Francisco-based company delivered a Q1 net loss of $24.3 million, or 25 cents per share.

Twilio's non-GAAP earnings clocked in at a loss of four cents a share on revenue of $129.1 million, up 49 percent year over year. Wall Street was expecting a loss of seven cents a share on revenue of $116.5 million.

Twilio's share price was up more than two percent in after hours trading.

"Our first quarter results exhibited broad-based strength across multiple areas of our business, especially with continued expansion with existing customers," said Twilio CEO Jeff Lawson.

Looking to the current quarter, analysts are expecting a loss of six cents a share on revenue of $123.2 million. Twilio responded with revenue expectations between $129 million to $131 million with an adjusted earnings loss per share of six cents to five cents.