Twilio Inc. (NYSE: TWLO) shares gained 6.7% during Thursday's extended trading session after the cloud communication company reported better-than-expected second-quarter 2024 results. The programmable communication tool provider reported non-GAAP earnings of 87 cents per share, which surpassed the Zacks Consensus Estimate of 71 cents and came above management's guidance range of 64-68 cents. The bottom line also witnessed a robust improvement from the year-ago quarter's earnings of 54 cents. The strong year-over-year growth in earnings was primarily driven by increased revenues, lower expenses and a reduction in the outstanding share count. Twilio Inc. Price, Consensus and EPS Surprise Twilio Inc. price-consensus-eps-surprise-chart | Twilio Inc. Quote Revenue Details The cloud-based communications platform-as-a-service provider registered revenues of $1.08 billion, which surpassed the Zacks Consensus Estimate of $1.06 billion and came ahead of management's guidance range of $1.05-$1.06 billion. Year over year, second-quarter revenues improved 4% on a reported basis and 7% organically. On its earnings conference call, Twilio stated that the second-quarter top-line performance was negatively impacted by the unsetting of the software component of the Zipwhip business. This resulted in a 100-basis point (bps) headwind to the company's second-quarter organic revenue growth. Segment-wise, revenues from the Communications division came in at $1.01 billion, up 4% year over year on a reported basis and 7% organically. The Segment division's sales grew 3% year over year to $75.2 million. Twilio's dollar-based net expansion rate was 102% in the reported quarter, flat with the previous quarter but down from 103% in the year-ago quarter. The company's second-quarter dollar-based net expansion rates for the Communications and Segment divisions were 102% and 93%, respectively. Active customer ...