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☆ Twilio begins operational review of activist-targeted business unit
▼ + stars: | 2024-02-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twilio has been the subject of shareholder scrutiny over the performance of its Segment business, which it acquired at a large premium to its private-market valuation and has dragged on the performance of Twilio's longer-standing communications business. Activist investors at Anson Funds and Legion Capital have both said they would like the company to sell off either the Segment unit or the whole company. The company reported earnings per share, excluding items, of 86 cents, better than an LSEG, formerly Refinitiv, consensus estimate of 58 cents. The company reported a loss of $365.4 million in its fourth quarter. Analysts surveyed by StreetAccount had been expecting 311,000 active customers, but the company reported only 305,000 active customers.

Persons: Jeff Lawson, Twilio, Twilio didn't, Jeff Lawson's, Lawson, Khozema Shipchandler, Shipchandler, StreetAccount Organizations: Communications, Twilio Inc, New York Stock Exchange, Anson Funds, Legion Capital, Revenue, CNBC PRO Locations: New York City

☆ Twilio to cut about 5% of total workforce
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

The logo of communication company Twilio is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsDec 4 (Reuters) - Cloud communications platform Twilio Inc (TWLO.N) said on Monday it will lay off about 5%, or 295, of its total workforce by the first quarter of 2024 to achieve profitable growth. The company expects to incur about $25 million to $35 million associated with the restructuring in the last three months of 2023. Earlier this year, Twilio cut 17% of its staff and closed some of its offices.

Persons: Chris Helgren, Twilio, Tanya Jain, Krishna Chandra Organizations: REUTERS, Twilio, Tech, Spotify, Microsoft, Thomson Locations: Toronto , Ontario, Canada, San Francisco, Bengaluru

☆ Twilio lays off 5% of employees in unit activists want to divest
▼ + stars: | 2023-12-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023. Software provider Twilio said Monday it would lay off roughly 5% of its workforce citing underachievement in the growth of a unit that activist investors have targeted. The cuts will strike deepest in Twilio's Data and Applications unit, the same unit activist investors at Legion Partners and Anson Funds are pushing Twilio CEO Jeff Lawson to divest. Lawson said in his letter that Twilio will also change how it sells its Flex digital engagement product. Anson and Legion have pushed Twilio to sell the Data & Applications unit, if not the whole company.

Persons: Jeff Lawson, Twilio, Anson, Legion, Lawson, hasn't Organizations: Twilio Inc, Singapore FinTech Festival, underachievement, Legion Partners, Anson Funds, CNBC, Securities, Exchange Commission, Communications, Legion Locations: Singapore

☆ Activist fund Anson takes Twilio stake, urges board to sell
▼ + stars: | 2023-11-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Anson Funds has built a stake in Twilio and sent a letter to the enterprise software company's board pushing for the sale of the entire business, a person familiar with the matter told CNBC. The letter to the board urges Twilio to either sell itself or at a minimum, divest its data and applications business, the person familiar said. "Twilio regularly engages with shareholders and appreciates constructive input that furthers our goal of creating sustainable long-term value," a Twilio spokesperson told CNBC in a statement. The continued activist attention caps off a challenging year for Twilio, which makes software that helps businesses engage with their customers. In March, Silver Lake and CPP Investments announced a deal to take survey software company Qualtrics private in a $12.5 billion deal.

Persons: Jeff Lawson, Anson, Twilio, Sagar Gupta, Gupta Organizations: Twilio Inc, New York Stock Exchange, CNBC, Legion Partners, The, Twilio, Communications, Tech, Investments, IBM, Cisco, CNBC PRO Locations: New York, Twilio, Silver

Based in Palo Alto, California, Tidal was started by technology bankers David Handler and David Neequaye. Their firm, which employs just two dozen people according to its website, was the sole financial adviser to Cisco, while larger investment banking peers Qatalyst Partners and Morgan Stanley (MS.N) advised Splunk. Tidal's win comes as more technology bankers decide to launch their own firm amid an overall slowdown in dealmaking in the sector. Three former Qatalyst Partners bankers launched a new technology-focused investment banking boutique called AXOM Partners earlier this week, Reuters reported. The group went on to advise other major technology companies including Cisco, Qualcomm Inc (QCOM.O) and Twilio Inc (TWLO.N).

Persons: Centerview Partners dealmakers, David Handler, David Neequaye, Qatalyst, Morgan Stanley, MS.N, Splunk, David, Handler, we've, Chuck Robbins, Tidal's, Neequaye, Centerview, Milana Vinn, Anirban Sen Organizations: Centerview Partners, Cisco Systems Inc, Splunk Inc, Cisco, Qatalyst Partners, AXOM Partners, Reuters, Qualcomm Inc, Twilio Inc, UBS Group AG, Thomson Locations: Palo Alto , California, New York

☆ Activist investor Legion urges Twilio to consider board changes, divestitures- The Information
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

May 30 (Reuters) - Activist investor Legion Partners has met Twilio Inc (TWLO.N) officials several times, urging the cloud computing company to make changes to its board and consider divestitures, The Information reported on Tuesday. A spokesperson for Legion confirmed to Reuters that it has been in dialogue with Twilio, adding the hedge fund is hopeful that "significant action" will be taken. Twilio's use of supervoting shares, which give Chief Executive Jeff Lawson a near 22% voting stake, is set to expire in less than a month, according to The Information report. Shares in Twilio jumped about 5% after the report. The company in February had said it was eliminating about 17% of its workforce and closing some offices to improve profitability.

Persons: Twilio, Jeff Lawson, Lawson, Deborah Sophia, Shilpi Majumdar Organizations: Partners, Twilio Inc, Legion, Reuters, Bed, Wall, Thomson Locations: Twilio, Francisco, Bengaluru

☆ Twilio forecasts weak second-quarter revenue, shares slip
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Twilio Inc (TWLO.N) on Tuesday forecast second-quarter revenue below estimates on shrinking demand for cloud services, sending the company's shares tumbling nearly 13% in extended trading. It expects second-quarter revenue in the range of $980 million to $990 million, compared with analysts' average estimate of $1.05 billion, as per Refinitiv data. However, it reported a rise in active customer accounts, more than 300,000 in the first quarter ended March 31, 2023, compared with over 268,000 a year earlier. It reported adjusted net income of $0.47 per share, beating analysts' average estimate of $0.21. Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Twilio stock falls on weaker-than-expected revenue forecast
▼ + stars: | 2023-05-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Twilio shares fell as much as 14% in extended trading on Tuesday after the developer of communications software issued a forecast for the second quarter that trailed analysts' estimates. Here's how the company did:Earnings: 47 cents per share, adjusted, vs. 21 cents per share as expected by analysts, according to Refinitiv. 47 cents per share, adjusted, vs. 21 cents per share as expected by analysts, according to Refinitiv. Revenue: $1.01 billion, vs. $1.00 billion as expected by analysts, according to Refinitiv. Prior to the after-hours move, Twilio shares were up 14% in 2023, while the S&P 500 index is up 7% this year.

☆ Twilio shares surge on better-than-expected revenue, buyback
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: 1 min

Feb 15 (Reuters) - Twilio Inc (TWLO.N) shares rose 12% in extended trading on Wednesday after the cloud communications platform reported a better-than-expected quarterly revenue and said it would buy back shares worth $1 billion. The company reported a revenue of $1.02 billion for the fourth quarter, compared with analysts' estimates of $1.00 billion, according to Refinitiv data. It also reported a smaller loss for the period. Reporting by Granth VanaikOur Standards: The Thomson Reuters Trust Principles.

☆ Twilio to Lay Off 17% of Staff in Second Round of Cuts
▼ + stars: | 2023-02-13 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Twilio Inc. said it is laying off about 17% of its employees, its second round of job cuts in about five months, and reducing certain employee perks as the cloud-communications company moves to prioritize profit over growth. Chief Executive Jeff Lawson said Monday that the company is reorganizing into two business units: Twilio Communications and Twilio Data & Applications. Khozema Shipchandler , the current chief operating officer, will serve as head of the new communications unit, while Elena Donio , president of revenue, will head up the Data & Applications business.

☆ Twilio to Lay Off 17% of Workers in Second Round of Cuts
▼ + stars: | 2023-02-13 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Twilio Inc. said it is laying off about 17% of its employees, its second round of job cuts in about five months, and reducing certain employee perks as the cloud-communications company moves to give priority to profit over growth. Chief Executive Jeff Lawson said Monday that the company is reorganizing into two business units: Twilio Communications and Twilio Data & Applications. Khozema Shipchandler , the current chief operating officer, will serve as head of the new communications unit, while Elena Donio , president of revenue, will head up the Data & Applications business.

☆ Twilio to cut 17% staff, close offices
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: 1 min

Feb 13 (Reuters) - Cloud communications company Twilio Inc (TWLO.N) said on Monday it was eliminating about 17% roles and closing some offices. Reporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Twilio announces another round of layoffs, reorg in profit push
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Cloud communications company Twilio Inc (TWLO.N) said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability. Technology firms have laid off thousands of workers recently as they brace for a period of lower demand, high interest rates and macro economic instability. The move, which is the second instance of job cuts in five months, sent the company's share up 2%. Twilio will also reorganize the company into two units, Twilio Communications and Twilio Data and Applications. Reporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ As Deal Making Picks Up, Tech Chiefs Worry About Software Integration
▼ + stars: | 2023-01-27 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

That is a potentially costly process that can require overhauling existing enterprise tech stacks, or even hiring high-priced experts to manage new IT tools, analysts said. SHARE YOUR THOUGHTS How can tech executives smooth the integration of new digital tools when their vendors make acquisitions? Hewlett Packard Enterprise this month said it acquired Pachyderm and would integrate new software tools into its enterprise-tech platform. HPE this month said it acquired Pachyderm, a San Francisco-based software startup, and would integrate the new software tools into its enterprise-tech platform. “Our existing customer base will want to know they won’t be forced to replace an existing technology they already buy,” Mr. Hotard said.

☆ Tech Chiefs Fear ‘Frankenstein’ Software Integrations
▼ + stars: | 2023-01-25 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Microsoft Corp. this month said it plans to incorporate AI into all of its enterprise software, while boosting its multibillion-dollar investment in OpenAI, the startup behind chatbot ChatGPT. That is a potentially costly process that can require overhauling existing enterprise tech stacks, or even hiring high-priced experts to manage new IT tools, analysts said. Hewlett Packard Enterprise this month said it acquired Pachyderm and would integrate new software tools into its enterprise-tech platform. HPE this month said it acquired Pachyderm, a San Francisco-based software startup, and would integrate the new software tools into its enterprise-tech platform. “Our existing customer base will want to know they won’t be forced to replace an existing technology they already buy,” Mr. Hotard said.

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