Twilio Stock Is Taking Off After Hours: What's Going On?

Twilio Inc TWLO shares are trading higher in Tuesday's after-hours session on the heels of the company's second-quarter results.

What Happened: Twilio said second-quarter revenue increased 10% year-over-year to $1.04 billion, which beat the consensus estimate of $984.52 million, according to Benzinga Pro. Communications revenue came in at $913.1 million. Data and applications revenue totaled $124.6 million.

The company reported quarterly earnings of 54 cents per share, which beat analyst estimates of 29 cents per share.

Twilio said it had more than 304,000 active customer accounts as of June 30, up from 275,000 year-over-year. 

"We closed a strong second quarter, delivering record quarterly revenue, non-GAAP income from operations and free cash flow," said Jeff Lawson, co-founder and CEO of Twilio.

"We enter the second half of the year confident about our ability to generate meaningful levels of non-GAAP income from operations, and committed to our focus of driving efficient growth across our business."

Twilio expects third-quarter revenue to be between $980 million and $990 million, versus analyst consensus of $1.02 billion. Third-quarter earnings are expected to be between 33 and 37 cents per share, versus analyst consensus of $0.30. 

Management will hold a conference call to discuss these results at 5 p.m. ET.

See Also: Twilio Likely To Post Q2 Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

TWLO Price Action: Twilio shares were up 6.11% after hours at $61.97 at the time of publication, according to Benzinga Pro.

Photo: Web Summit from Flickr.