Twilio Moves Up Profitability Goal as Growth Era Comes to an End
Twilio(TWLO) The Motley Fool·2024-03-06 20:20
Twilio (TWLO -5.93%), once a growth-at-any-cost Wall Street darling, is remaking itself as a company focused on the bottom line. The communications software provider originally laid out a plan to become profitable on a GAAP (generally accepted accounting principles) basis by 2027. That target hinged on accelerating growth in the data and applications portion of the business, which excludes the core communications products.While Twilio succeeded in improving profitability in its mature lines of business, Seg ...