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Twilio shares soar 25% on big jump in revenue

Twilio Inc. reported fiscal first-quarter results on Wednesday.


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Twilio Inc.
TWLO,
+5.00%

shares spiked 25% in after-hours trading Wednesday after the communications-software company reported fiscal first-quarter revenue and net income that topped Wall Street estimates.

Twilio reported a loss of $94.8 million, or 68 cents a share, compared with a loss of $36.5 million, or 31 cents a share, in the year-ago quarter. Revenue climbed 57% to $364.9 million from $233.1 million a year ago.

Analysts surveyed by FactSet had expected a loss of 11 cents a share on sales of $331 million. Twilio shares are down 7% in the past year, while the broader S&P 500
SPX,
-0.69%

is down 1.1% in the past 12 months.

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