News Formal

Coronavirus could impact Slack's ability to compete with Microsoft - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Slack CEO Stewart Butterfield touted its customer wins against Microsoft Teams, but analysts worry the coronavirus crisis will hurt its ability to compete

Slack Technologies Inc. co-founder and CEO Stewart Butterfield poses outside the New York Stock Exchange during thew company's IPO in New York, U.S. June 20, 2019.Slack CEO Stewart Butterfield highlighted deals the company signed last quarter where customers chose it over Microsoft Teams, its chief competition in the work chat app market.

With Slack's ability to send salespeople out to close deals limited by the spread of coronavirus, and more of its customers working from home, analysts fear that the market may favor the incumbent — in this case, Microsoft, which has established relationships with most major companies around the world.Slack CEO Stewart Butterfield touted the company's customer wins against Microsoft's rival Teams chat app during a call with analysts after it reported earnings on Thursday.

"Slack scales elegantly for both end users and administrators. Slack's superior user experience and platform capabilities result in real engagement. And if you want to change the way people work together through software, people have to actually use the software to work together," he said. Analysts see that as another factor potentially working against Slack, putting more pressure on its competition with Teams going forward — especially given Microsoft's existing relationships with most major companies all over the world, making it that much harder for Slack to compete.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Don't worry, both are sh*t.

Riskier the venture, the higher the reward huh

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Slack sees a 'significant spike' in new users due to coronavirus - Business InsiderSlack is seeing many new users for its free product amid the spike in remote work due to coronavirus, but its true growth comes from deals with large companies. Free users will not help drive revenue. Unless they flip them to paid. There is the problem. The dude in the picture does not look healthy.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Slack falls as much as 20% after earnings - Business InsiderSlack stock falls as much as 20% after it reported earnings that show slowing growth and weaker guidance than expected Esto es una limpieza de bajos de manual. Ya que llueve barro, pues caguemonos encima!!! Perdón por la expresión.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Stocks making the biggest moves midday: Ulta Beauty, Oracle, Slack & moreCheck out the companies making headlines in midday trading. Corona beer.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stocks making the biggest moves after hours: Slack, Gap, Broadcom and moreStocks making the biggest moves after hours: Slack, Gap, Broadcom & more
Källa: CNBC - 🏆 12. / 72 Läs mer »

Slack sees a 'significant spike' in new users due to coronavirus - Business InsiderSlack is seeing many new users for its free product amid the spike in remote work due to coronavirus, but its true growth comes from deals with large companies. Free users will not help drive revenue. Unless they flip them to paid. There is the problem. The dude in the picture does not look healthy.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »