10/08/2020
☁️In 2018, Twilio did $650 million in revenue which represented 63% year-over-year growth from 2017. For 2019, Twilio did $1.13 billion in revenue which represented 75% year-over-year growth. During 2019, Twilio acquired a company called SendGrid which added to their 2019 revenue growth. In 2019, Twilio also doubled their 7 figure sales deals compared to the previous year. This shows they are growing more into Enterprise customers and larger deal sizes. For the first quarter of 2020, revenue was $364.9 million, up 57% year-over-year. Q2 of 2020 was also a great quarter with revenue of $400.8 million, up 46% year-over-year.
Twilio is leading the space in communication tools for developers. Their impressive revenue and customer growth over the last 3 years shows their ability to grow, scale, and expand. Keep in mind that they acquired SendGrid and that added to revenue and employee growth. Twilio is in a great position to acquire more startups in the communication / API space as they expand around the world. Twilio stock is under the symbol TWLO. I believe that Twilio is a top investment to consider and they are poised to deliver great results over the next few years.
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