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Twilio Inc. (NYSE:TWLO) is one of the 10 Stocks With Remarkable Gains.
Twilio saw its share prices hit a new four-year high on Friday, as investors loaded portfolios after net profits more than quadrupled in the first quarter of the year.
In intra-day trade, Twilio Inc. (NYSE:TWLO) climbed to its highest price of $184.13 before trimming gains to finish the session just up by 23.83 percent at $183.34 apiece.
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In an updated report during the day, the company said that it grew its net income last quarter by 350 percent to $90 million from only $20 million in the same period last year.
Revenues increased by 19.6 percent to $1.4 billion from $1.17 billion year-on-year.
“Q1 was a milestone quarter for Twilio, marked by our highest revenue and gross profit growth rates in more than three years,” Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler said.
“Twilio’s performance is the result of a multi-year, companywide evolution that fundamentally transformed Twilio’s innovation velocity, GTM efficiency, and financial rigor and has led us to become a foundational infrastructure layer in the era of AI,” he noted.
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