05:07 PM EDT, 05/07/2024 (MT Newswires) -- Twilio ( TWLO ) reported Q1 non-GAAP net income late Tuesday of $0.80 per diluted share, up from $0.47 per share a year earlier.

Analysts polled by Capital IQ expected $0.59.

Revenue for the quarter ended March 31 rose to $1.05 billion from $1.01 billion a year earlier. Analysts surveyed by Capital IQ expected $1.03 billion.

For Q2, the company expects adjusted EPS of $0.64 to $0.68 on revenue of $1.05 billion to $1.06 billion. The consensus is for EPS of $0.62 on revenue of $1.08 billion.

For 2024, Twilio ( TWLO ) said it continues to expect organic revenue growth of 5% to 10%.

The company's shares were down over 5% in after-hours activity.

Price: 59.70, Change: -3.67, Percent Change: -5.79