Slack beats second-quarter revenue estimates

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REUTERS: Slack Technologies Inc beat quarterly revenue estimates on Tuesday as more companies signed on to its workplace messaging app to keep ...

REUTERS: Slack Technologies Inc beat quarterly revenue estimates on Tuesday as more companies signed on to its workplace messaging app to keep their employees working from home connected amid the COVID-19 pandemic.

The company's revenue jumped nearly 49per cent to US$215.9 million in the second quarter ended July 31, above analysts' average estimate of US$209.10 million, according to IBES data from Refinitiv.The company said net loss attributable to common stockholders narrowed to US$74.8 million, or 13 cents per share, from US$359.6 million, or 98 cents per share, a year earlier.

 

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