Twilio tops Q4 targets, revenue up 60 percent

Cloud-based communications provider Twilio reported fourth quarter and fiscal 2016 financial results Tuesday.

The company delivered a Q4 net loss of $12.8 million, or 15 cents per share.

Twilio's non-GAAP earnings were a loss of 4 cents a share on revenue of $82 million, up 60 percent year over year. Wall Street was bracing for a loss of 5 cents a share on revenue of $74.2 million.

For the year, Twilio's revenue was $277.3 million, up 66 percent annually, with an EPS loss of 16 cents a share.

"Our fourth quarter and full year results demonstrate the power of our platform business model that starts with developers and extends to some of the largest enterprises in the world," said Twilio Chief Executive Jeff Lawson in a statement. "As we look into 2017, we will continue to invest in innovation and growth with the goal of powering the software-based future of communications."

Elsewhere on Twilio's balance sheet, the company says it now has 36,606 active customer accounts, up from the 34,457 accounts it had at the end of Q3.

Looking ahead, Twilio issued Q1 2017 revenue outlook between $82 million to $84 million with an adjusted earnings loss per share of 6 cents to 7 cents.

In a separate announcement, Twilio revealed that it has acquired Beepsend, a Sweden-based application-to-person (A2P) messaging provider known for its SMS message traffic segmentation, route monitoring, and analytics capabilities. The Beepsend team will join Twilio and their platform capabilities will be integrated into Twilio's network.

"With this acquisition, we are expanding both the breadth and depth of our network reach to provide customers with even more delivery options for their messaging needs," Twilio wrote in a press release. "Furthermore, this adds even more redundancy and resiliency on top of the global telecom network."

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