Topic: How To Invest

Power Growth Investor Hotline – Friday, May 10, 2024

Article Excerpt

TWILIO INC., $60.10, symbol TWLO on Nasdaq, is a buy. The company offers a key service to software developers who create mobile apps. Specifically, its own software is used to connect apps to essential functions elsewhere on a device, including dealing with phone calls and messaging. In the quarter ended March 31, 2024, revenue rose 4.0%, to $1.05 billion from $1.01 billion. The company continues to add to its client base, with a growing emphasis on markets outside of North America; it now has 313,000 active customer accounts (up 4.3% from 300,000 a year ago). Excluding one-time items, Twilio made $0.80 a share in the latest quarter. That was up 70.2% from $0.47. The big earnings jump came from improved operational efficiencies, as well as reductions in marketing and other costs. The company holds a huge cash balance of $3.8 billion. Its long-term debt is just $989.4 million. Twilio’s outlook is positive. All in all, the company’s impressive customer base, leading products and high…