Top 3 Tech Shares That Can Make You Rich in March and After – Twilio
Twilio: Get in touch with your customers where they live!
One of the key takeaways of 2020 is that businesses should be able to communicate with their customers wherever they are. The digital transformation, which continues at full speed, has accelerated further and has made this simple fact more necessary than ever.
Twilio (NYSE: TWLO) comes into play here!
The company provides suitable conditions for using customer communication tools, phone calls, video, text messages, business software and applications without leaving the application. Many consumers are using Twilio’s tools without even realizing it.
Real-time messages you receive from the food delivery company,
Updates from your car sharing provider,
Ability to reset password within an application,
Customer service in-app chats,
If you’ve come across any of these, chances are it’s been powered by Twilio’s technology.
Twilio reported that it closed the year with a big growth, with revenue accelerating for the second consecutive quarter.
Its all-year revenues increased 55 percent year over year, helping it raise its adjusted profit to 57 percent.
Customer metrics were equally impressive.
Twilio’s total active customer base increased by 23 percent or 221,000 people in the last quarter.
As Twilio’s 139 percent dollar-based net expansion rate demonstrates, the company is not only attracting new businesses, but existing customers are also significantly overspending.
In other words, existing customers spent 39 percent more in 2020 compared to the previous year. Twilio, which recently acquired Signal, also increased its growth opportunity forecasts.
Twilio management believes the company’s aggregate addressable market exceeded $ 62 billion last year, and that it will increase to $ 87 billion by 2023.
The company’s revenue was reported as $ 1.76 billion last year. This shows the magnitude of the potential.
Top 3 Tech Shares That Can Make You Rich in March and After – Twilio
Source: https://www.fool.com/
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