Cloud communications infrastructure company Twilio (NYSE:TWLO) will be reporting results tomorrow after the bell. Here’s what you need to know.

Twilio beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $1.08 billion, up 4.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but decelerating customer growth. It added 3,000 customers to reach a total of 316,000.

Is Twilio a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Twilio’s revenue to grow 5.8% year on year to $1.09 billion, in line with the 5.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Twilio has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.6% on average.

Looking at Twilio’s peers in the software development segment, only F5 has reported results so far. It beat analysts’ revenue estimates by 2.2%, delivering year-on-year sales growth of 5.6%.

There has been positive sentiment among investors in the software development segment, with share prices up 3.6% on average over the last month. Twilio is up 8.1% during the same time and is heading into earnings with an average analyst price target of $69.81 (compared to the current share price of $70.53).

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