Yes, because they've cut sales/marketing/g&a hugely as % of sales. Their opex profile now looks more like a normal, mature software company. Pity they still (and prolly always will) spend nearly half their revenues on connection/network fees.
Sucks to be a phone company / utility. Difficult business to rock even when you're an amazing, innovative, unique company like twilio.
Sucks to be a phone company / utility. Difficult business to rock even when you're an amazing, innovative, unique company like twilio.