Twilio Inc - TWLO STOCK NEWS

Twilio (NYSE: TWLO) has been included in Carahsoft's GSA IT Schedule 70 contract, enhancing access to its Customer Engagement Platform for the public sector. This partnership allows state, local, and federal agencies to leverage Twilio’s secure communication technologies to reach citizens effectively. The initiative aims to modernize government services by utilizing both existing and emerging technologies for better digital engagement. Twilio’s services will now be available through multiple contracts, including SEWP V and NASPO ValuePoint.

Sprinklr (NYSE: CXM) has partnered with Twilio (NYSE: TWLO) to enhance customer experience management through integrated voice and SMS technology. This collaboration aims to provide a cloud-based, omnichannel contact center solution, enabling businesses to deliver personalized customer engagement at scale. With the integration, Sprinklr customers can streamline operations, lower costs, and meet the demands of a digital-first customer base. The partnership reflects a shared commitment to improving customer satisfaction and developing seamless communication across various channels.

Twilio (NYSE: TWLO) has released the 'State of Nonprofit Digital Engagement Report', highlighting the crucial role of digital communication in nonprofit operations. The report shows that 89% of nonprofits consider digital communication essential for their missions, and 65% of their engagement with beneficiaries is digital, surpassing the 55% in the private sector. However, 41% cite lack of technical talent as a barrier to digital adoption. The report indicates that nonprofits that digitize their programs see an average of 3.6 benefits, while 77% prioritize personalization to enhance services.

Twilio (TWLO) reported strong Q1 2022 results, achieving $875.4 million in revenue, a 48% increase year-over-year. The Dollar-Based Net Expansion Rate was 127%, down from 133% in Q1 2021. Despite the revenue growth, the company faced a GAAP loss from operations of $217.8 million compared to $197.3 million in the previous year. Non-GAAP income decreased from $17.3 million in Q1 2021 to $5 million. Twilio announced Elena Donio as the new President of Revenue, effective May 4, 2022, as the company aims to enhance its go-to-market strategy.

Twilio (NYSE: TWLO) has appointed Reeny Sondhi as Chief Digital Officer and Amy Holcroft as Chief Privacy Officer, enhancing its leadership team amid increasing digital privacy concerns. Sondhi, previously Chief Security Officer at Autodesk, will oversee technology operations to scale Twilio's customer engagement platform. Holcroft, formerly Chief Privacy Officer at HP, will manage compliance with privacy laws for over 250,000 clients. These roles are essential as Twilio aims to navigate evolving privacy regulations and strengthen relationships with its customers.

Twilio Inc. (NYSE: TWLO) is set to disclose its first-quarter 2022 results on May 4, 2022, after market close. A conference call with investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors are encouraged to register for the call in advance. The results will be available for replay until 11:59 p.m. ET on May 11, 2022. Twilio, a leader in customer engagement platforms, enables companies to build personalized customer relationships through its diverse communication APIs and Customer Data Platform.

Twilio's latest report shows a significant shift in digital customer engagement, with strategies advancing an average of 6.5 years during the pandemic. Companies investing in digital engagement have seen a 70% revenue boost. However, 55% of businesses are unprepared for a cookieless future, with a reliance on third-party data causing concern. Despite 75% of companies claiming to provide excellent personalization, over half of consumers disagree. The report highlights the gap between consumer expectations and company offerings, emphasizing the necessity of first-party data and effective personalization for survival.

Twilio (NYSE: TWLO) has enhanced its partnership with Glia, a leading Digital Customer Service provider, to bolster SMS solutions for financial institutions. This upgrade aims to enrich customer engagement for banks, credit unions, insurers, and lenders. Glia's SMS capabilities are part of a holistic suite designed to improve digital interactions, promoting personalized experiences across various communication channels. Executives from both companies emphasize the importance of digitalization in the financial sector and the potential for increased profitability through improved customer experiences.

Twilio (NYSE: TWLO) has announced that CEO Jeff Lawson will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 10, 2022, at 2:25 p.m. PT / 5:25 p.m. ET. The event will be webcast live on Twilio's investor relations website. Twilio utilizes its investor relations site and social media to disclose material information, complying with Regulation FD. The company continues to empower developers to enhance communication experiences across industries through its APIs.