(Bloomberg) — Twilio Inc. projected rising sales for the second quarter, signaling stronger demand for communications software amid the coronavirus pandemic. Shares climbed about 25%.Revenue will increase as much as 35% to $370 million in the period, the San Francisco-based company said Wednesday in a statement. Analysts, on average, projected sales of $334 million, according to data compiled by Bloomberg. The company expects a loss, excluding some items, of 8 cents to 11 cents per share, which also is better than analysts had estimated.Twilio Chief Executive Officer Jeff Lawson has assembled a broad set of cloud-based capabilities that help companies …read more
Source:: Yahoo Finance
