Twilio (TWLO) share🧸s skyrocketed Friday on the cloud communications software maker's strong outlook ami﷽d growing demand for its AI tools.

At an investor event Thursday, Twilio said it is looking to deliver double-digit growth, with fourth-quarter revenue up 11% from a year ago, above analyst estimates compiled by Visible Alpha. The company is scheduled to report its full results for the fourth quarter after the closing bell on Feb. 13.

The better-than-expec⛦ted forecast comes as Twilio said a growing number of companies in the AI space use its services, with over 9,000 relying on them in 2024.

Twilio also said it is targeting GAAP operating profitability in fiscal 2025 and beyond, with $3 billion or more in 澳洲幸运5开奖号码历史查询:free cash flow (FCF) from 2025 through 2027, and non-GAAP 澳洲幸运5开奖号码历史查询:operating margin of 21% to 22% in 2027.

The company said it is planning to return half of its annual FCF to investors through 2027. Twili𝓰o anticipates 2025 income from operations and FCF to come in the range of $825 million to $850 million.

Shares of Twilio were up over 22% at $139.03 in intraday trading Friday and have nearly doubled in value over the past year.