Shares of Twilio Inc (NYSE:TWLO) ended Wednesday session in green amid volatile trading. The shares closed up +4.85 points or 8.53% at $61.70 with 5.06 million shares getting traded. Post opening the session at $57.50, the shares hit an intraday low of $56.85 and an intraday high of $61.85 and the price vacillated in this range throughout the day. The company has a market cap of $5.17 billion and the numbers of outstanding shares have been calculated to be 84.67 million shares.
Twilio Inc (TWLO) on Sep 20, 2016 announced that it has entered into a definitive agreement to acquire proprietary WebRTC media processing technologies built by the team behind the popular Kurento Open Source Project. Upon completion of this transaction, the team behind Kurento will join Twilio to lead the integration of the new technologies and enable the development of advanced video in web and mobile applications.
Over the next several months following the close of the transaction, the Kurento Media Server capabilities including large group communications, transcoding, recording and advanced media processing will be integrated into Twilio Programmable Video. These new capabilities will enable developers to address the more advanced needs of enterprise and large-scale consumer video applications as well as next-generation video applications such as those involved in augmented reality, computer vision, robotics, and the Internet of Things.
To date, the adoption of video communication has been largely limited to conferencing systems and face-to-face applications for consumers. This is because advanced uses of video that require real-time media processing have been out of reach for mobile and web developers. While the popular WebRTC standard equips developers with client-side technology for adding video, the requisite media server infrastructure is expensive and requires specific technical expertise to implement. The addition of advanced WebRTC media server technology to the Twilio Video platform will change this by enabling API access to real-time media processing. Developers will soon have the ability to analyze, transform, augment, and store audio and video streams to power diverse video applications.
“When we started the Kurento project, we wanted to create a powerful media processing engine built for the world of WebRTC. We knew it would only be successful if we delivered this capability as a cloud service and gave it to developers through a simple and well-built API,” said Luis Lopez, CEO and co-founder of the Kurento project. “Twilio has one of the best sets of APIs and joining forces with their team enables us to complete this vision and bring our work to Twilio’s million plus registered developer accounts.”
“Twilio and the team behind Kurento share a common vision of enabling developers through powerful platforms and straight-forward APIs,” said Jeff Lawson, Twilio CEO and co-founder. “As Twilio takes another step on our mission to fuel the future of communications by enabling developers, we’re excited to join forces with the builders of Kurento to extend the uses of our video platform. We can’t wait to see what developers will build next.”
Shares of Groupon Inc (NASDAQ:GRPN) ended Wednesday session in green amid volatile trading. The shares closed up +0.19 points or 3.67% at $5.37 with 4.92 million shares getting traded. Post opening the session at $5.20, the shares hit an intraday low of $5.19 and an intraday high of $5.37 and the price vacillated in this range throughout the day. The company has a market cap of $3.13 billion and the numbers of outstanding shares have been calculated to be 572.78 million shares.
Groupon Inc (GRPN) on July 28, 2016 announced financial results for the quarter ended June 30, 2016.
“We continued to see strong traction in customer acquisition as we added more than 1 million new customers — the most in more than two years,” said CEO Rich Williams. “We’re excited with the progress of our marketing programs to date and their effectiveness in introducing millions more people to our marketplace.”
Second Quarter 2016 Summary
- Gross Billings were $1.49 billion in the second quarter 2016, down 2% from $1.53 billion in the second quarter 2015, with no significant impact of changes in foreign exchange rates. Our gross billings were impacted by dispositions and country exits in connection with our restructuring. On a same-country basis, gross billings increased 1% year-over-year. North America gross billings increased 8%, reflecting the early contribution of new active customer cohorts, while EMEA declined by 12% and Rest of World declined by 27%. Excluding the impact of changes in foreign exchange rates, Rest of World declined 21%, and there was no significant impact to North America or EMEA. Gross billings reflect the total dollar value of customer purchases of goods and services.
- Revenue was $756.0 million in the second quarter 2016, compared with $738.4 million in the second quarter 2015. Revenue increased 2% globally, or 3% excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. North America revenue increased 7%, EMEA declined 3% and Rest of World declined 23%. Excluding the impact of changes in foreign exchange rates, Rest of World declined 14%, and there was no significant impact to North America and EMEA.
- Gross profit was $333.6 million in the second quarter 2016, compared with $337.0 million in the second quarter 2015. Gross profit declined 1% globally, but was flat excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter.
- Net loss from continuing operations was $51.7 million in the second quarter 2016, compared with $15.3 in the second quarter 2015.