Twilio’s third-quarter revenue climbs 52% to £344.03 million

Twilio Inc. (NYSE: TWLO) said on Monday that its revenue in the fiscal third quarter came in stronger than Wall Street expectations. The company attributed higher revenue in Q3 to the Coronavirus pandemic that made businesses resort to work from home arrangements and resulted in increased demand. COVID-19 has so far infected more than 8.9 million people in the United States and caused over 230 thousand deaths. In an earlier announcement in October, Twilio expressed plans of acquiring San Francisco-based customer data infrastructure company, Segment, for £2.46 billion. Twilio said that it concluded the third quarter with £89.79 million of