Twilio delivered a strong result with revenues above Wall Street expectations and strong profitability as against the analyst expectation of a negative EPS. The fact remains that its revenue growth lags behind booking growth. Twilio’s data and apps businesses performed well in the fourth quarter but they noticed macro headwinds in a few areas, such as extending sales cycles, deferring choices, etc. Among key updates, the company has updated its messaging and is also focused on the specific needs of numerous buyers, with specialization and attention. The management of the company is playing it cautious and guiding on quarterly numbers rather than on 2023 as a whole given the dynamism in the macro environment. We give Twilio an ‘Outperform’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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