Twilio’s purchase of email API provider SendGrid in February of this year has had a strong impact on company financials.
The firm posted Q2 income of $275 million, an 86%
increase over the same period last year and 18% sequentially over Q1, the company reports. SendGrid revenue was part of that total.
In addition, base revenue is up 90%, again including revenue
from SendGrid. The firm defines base revenue as all revenue except from large variable accounts that have not entered into annual contracts.
However, the company reports a $93.7 million GAAP
loss from operations in the quarter.
It’s not clear exactly what was SendGrid’s contribution to this revenue growth and how much was organic. But there was a corresponding
rise in the number of customer accounts—to 161,869 as of June of this year, up from 57,350 as of June 2018. SendGrid clients are part of the total.
However, SendGrid did not
affect the firm’s dollar-based net expansion rate of 140% during Q2, versus 137% for Q2 2018.
Meanwhile, Twilio is projecting Q3 revenue of $286 million to $289 million. And it
expects annual 2019 revenue to top $1 billion.
“We celebrated a big milestone in the second quarter, crossing the $1 billion annualized revenue run rate,” said Jeff Lawson,
co-founder and CEO of Twilio.
Twilio notes that it recently introduced automation and email testing within the Twilio SendGrid Marketing Campaigns service. This enables clients to build
one-time campaigns and automated series on a single platform, it claims.
The firm had 2,369 employees as of June.