![]() Backtested performance is not an indicator of future actual results. TWLO has risen 25% year-to-date.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. The average price target stands at $64.89, indicating 2.97% upside potential. Parker Lane reiterated a Hold rating on TWLO with a price target of $50.īased on a mix of 10 Buys, 12 Holds, and 1 Sell, Twilio earns a Moderate Buy consensus rating. Twilio recently reported a softer-than-expected revenue outlook for Q2, reflecting the impact of persistent macro challenges. Separately, on Wednesday, Twilio announced the expansion of its existing partnership with Google Cloud, owned by Alphabet ( GOOGL) ( GOOG), for bringing generative artificial intelligence (AI) solutions to its customer engagement products. Under the deal, Kore issued 10 million shares to Twilio, representing about 11.5% of Kore’s issued and outstanding shares. In early June, Twilio completed the sale of its IoT business unit to Kore Group Holdings ( KORE). As of March 31, 2023, Legion reported a stake worth $40 million in Twilio. Twilio is undertaking these steps as activist investor Legion Partners is pushing the company for board changes and strategic options like divestitures. Though India continues to be a strategic market for Twilio, the company is selling ValueFirst to direct its resources toward other opportunities with better prospects. The customer footprint of ValueFirst and Tanla are very complementary, with about 40% of ValueFirst’s revenue derived from customers that are “net new” to Tanla. Twilio believes that ValueFirst’s acquisition by Tanla will better leverage the talent and business portfolio that ValueFirst has built and paves the best way to serve customers in India in the short and long term. ![]() ![]() ValueFirst, a provider of businesses with multi-channel communication solutions and smart application programming interface (API), was acquired by Twilio in 2021 to rapidly expand into India and explore other products and services that ValueFirst has been delivering. ![]() The deal is slated for July 2023 closure. short code to send and receive text messages? Discover how Twilio does it differently with superior service, straightforward terms, and a killer REST API for short codes.California-headquartered Twilio ( NYSE:TWLO), a customer engagement platform, is selling its ValueFirst Digital Media Private business to India-based Communications Platform as a Service (CPaaS) provider Tanla for an undisclosed sum. Check out more Twilio SMS enabled apps built by members of our developer community in the Twilio gallery.Īre you interested in using a dedicated U.S. Twilio SMS powers text messaging for a wide range of use cases, from hot social messaging startups like GroupMe, Fast Society, and TextSlide to crop monitoring devices in the Midwest, health studies at top research hospitals, phone banking and payments - and so much more. Check out the Twilio SMS FAQ for answers to common questions you might have. Tapping into SMS enables you to reach one of most ubiquitous devices in the world, the mobile phone, and with Twilio we make it affordable and inexpensive to build your own text messaging features. If this is the first time you’ve heard of Twilio SMS, welcome! Our SMS API enables developers to programmatically send and receive text messages. This price reduction follows previous pricing breaks on phone numbers which we announced in February at the launch of Twilio SMS and lower prices for Twilio Voice API minutes which we announced earlier this fall, and is part of our continued commitment to pass on savings to our customers as we reach greater and greater economies of scale. You don’t need to do anything, the change is automatically reflected in your SMS logs and account balance. This price reduction is immediate, and applies to all existing and future Twilio customers. We’re excited to announce that we have reduced Twilio SMS pricing from $0.03 per message in or out by 33%, to $0.02 per message.
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