1 month Twilio Complements, Not Compete With, Salesforce, Oracle, Adobe, Says COO Benzinga     

Cloud communication software maker Twilio Inc (NYSE: TWLO) beat earnings estimates for the third-quarter — reported after market close Monday.

Twilio’s Q3 revenue grew 51.8% year-over-year to $447.97 million, handsomely beating consensus by $38 million. Adjusted earnings per share of 4 cents, beat consensus by 8 cents.

The company’s Q3 adjusted gross margin contracted by 300 basis points YoY to 55%, missing a 55.9% consensus. Sales and marketing expense margin improved 300 basis points to 23% YoY from 26% last year.

Active customer accounts grew 21% YoY to 208,000 at the end …

Full story available on Benzinga.com

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