Slack channels its way into unenviable company

Workplace-messaging service Slack Technologies on Sept. 4 reported that its net loss for the second quarter of its 2020 fiscal year increased to nearly $360 million, compared to about $32 million in the same period a year ago. Revenue increased by 58% to $145 million and it ended the quarter with more than 100,000 paying customers, reflecting a 37% jump.

Slack also forecast a third-quarter non-GAAP loss of 8 cents to 9 cents a share. The average estimate of sell-side analysts was for a loss of 7 cents a share.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This is what to watch when Slack reports earningsSlack raced higher Wednesday ahead of its first earnings report after the bell. TradingNation Our mission at is to build the social media platform that ends fake news
Source: CNBC - 🏆 12. / 72 Read more »

Slack plunges after posting first earnings report since going publicSlack is growing rapidly, but it faces increased competition from Microsoft and has been dealing with service issues. why no mention of $MDB $CLDR and $panw earnings?
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Slack, Cloudera and Palo Alto NetworksSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »