Twilio (TWLO), which is a provider of APIs and other technologies for communications, did not impress Wall Street with its quarterly report on May 5. On the news, shares dropped by 8% to $307, bringing the market capitalization to $53 billion. So, let’s get a run-down of the quarterly numbers. Revenues jumped by 62% to $590 million, which beat the consensus estimate of $532.9 million. Keep in mind that the top line got a $44.6 million boost from the acquisition of Segment (the company operates a platform for customer data).
https://www.tipranks.com/news/article/twilio-is-running-out-of-fuel