Twilio Initiates Q3 2024 Guidance, Raises FY 2024 Non-GAAP Income From Operations To $650-$675M; Expects FY Free Cash Flow To Align With Non-GAAP Income; Narrows FY Organic Revenue Growth To 6%-7%; Q3 Revenue Expected At $1,085-$1,095M With 5%-6% YoY Growth; Q3 Non-GAAP Income From Operations $160-$170M, EPS $0.81-$0.86
Portfolio Pulse from Benzinga Newsdesk
Twilio has provided its Q3 2024 guidance, raising its FY 2024 non-GAAP income from operations to $650-$675M and expects FY free cash flow to align with non-GAAP income. The company has narrowed its FY organic revenue growth to 6%-7%. For Q3, Twilio expects revenue of $1,085-$1,095M with 5%-6% YoY growth, non-GAAP income from operations of $160-$170M, and EPS of $0.81-$0.86.
August 01, 2024 | 8:09 pm
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Twilio has raised its FY 2024 non-GAAP income from operations to $650-$675M and expects FY free cash flow to align with non-GAAP income. The company has narrowed its FY organic revenue growth to 6%-7%. For Q3, Twilio expects revenue of $1,085-$1,095M with 5%-6% YoY growth, non-GAAP income from operations of $160-$170M, and EPS of $0.81-$0.86.
Twilio's raised guidance for FY 2024 non-GAAP income from operations and alignment of FY free cash flow with non-GAAP income are positive indicators for the company's financial health. The narrowed FY organic revenue growth and Q3 revenue expectations with YoY growth further support a positive short-term outlook for the stock.
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