Twilio (TWLO - Free Report) recently opened a new office in Atlanta, GA, with support from electricity generator Georgia Power, and Metro Atlanta Chamber.
The company intends to add more than 50 employees over the next few years across sales, human resources and engineering domains.
The expansion reflects Twilio’s strong appetite for growth. Highly skilled and equipped labor makes Atlanta one of the top locations for business. The city boasts extremely innovative developer communities and businesses, providing ideal potential customers for the company.
Moreover, Twilio is benefiting from remarkable growth in active customer account. The company’s key initiatives, which include product innovation, global expansion, acquisitions and go-to-market sales strategy, are helping it in gaining customers, which bodes well for long-term growth.
Notably, shares of the company have outperformed the industry’s 18.4% growth with an outstanding average return of 149.1% on a year-to-date basis.
Notable Expansive Efforts
Twilio has been aggressively growing its presence in the global markets. The company has offices in important cities such as San Francisco, New York, London, Madrid, Melbourne, Berlin, Hong Kong, Singapore and Sydney, among others. It recently opened its EMEA headquarters in Dublin and expects to hire 100 employees by the end of 2019.
Moreover, the company’s continuous investment in strategies to meet the requirements of global developers and enterprises reflects its commitment to cater to customers more efficiently.
Key partnerships with international companies are also expected to boost its global presence. Additionally, Twilio’s efforts to enhance international operations by increasing overseas employment are paying off well, as evident from the higher revenue generation from outside the United States.
Zacks Rank & Stocks to Consider
Twilio currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the industry are Twitter (TWTR - Free Report) , Upland Software (UPLD - Free Report) and Zendesk , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Twitter, Upland Software and Zendesk is projected to be 23.1%, 20% and 28%, respectively.
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