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Slack shares continue to crash after earnings show far slower growth than Zoom

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“There’s a very strong tailwind, what we don’t know right now is how strong the headwind is,” Slack CEO Stewart Butterfield says after the company reported Q1 earnings yesterday.

Slack CEO Stewart Butterfield, appearing on CNBC on Friday, didn't comment on revenue, but said the company is focusing on acquiring new customers. He said the benefits from that will emerge in the next year.

"We'll realize the benefits of that over the next year and probably the year following," Butterfield said in aSlack added a record 12,000 paid customers in the quarter. In the two prior quarters it added about 5,000 new customers.

 

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