Shares of Twilio (NYSE: TWLO) jumped as much as 22.1% higher on Tuesday, following the release of the company's strong second-quarter results. As of 12:20 EDT, the stock had cooled down somewhat to a 19.4% gain.
The cloud communications platform saw second-quarter revenue rise 54% year over year, landing at $147.8 million. On the bottom line, Twilio swung from a $0.05 adjusted net loss to earnings of $0.03 per share. Wall Street analysts had been expecting an adjusted net loss of $0.05 per share on sales near $131 million. For the record, the midpoints of Twilio's own guidance ranges pointed to a non- GAAP net loss of $0.06 per share on revenue in the neighborhood of $130 million.
Looking ahead, Twilio also provided third-quarter and full-year guidance targets well ahead of the current Street views. Twilio sees non-GAAP profits for the full fiscal year (analysts had expected a modest net loss) and the bottom end of full-year revenue guidance landed 8% above the current analyst consensus estimates.
The Twilio Flex development platform for cloud communications tools, which the company introduced in the first quarter, is already finding a foothold in the market. During the second quarter, Twilio integrated this tool with the Google Cloud Contact Center, boosting Flex's customer appeal by providing a simple way to use it together with Google's solutions.
Twilio investors can now look back at a 52-week return of 158%. It's no surprise to see share prices rising as the company continues to exceed Wall Street's expectations.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of GOOGL. The Motley Fool owns shares of and recommends GOOGL, GOOG, and Twilio. The Motley Fool has a disclosure policy .