Slack shares close down more than 14% after earnings show far slower growth than Zoom

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Slack shares continue to crash after earnings show far slower growth than Zoom“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.
Source: CNBC - 🏆 12. / 72 Read more »

Menlo Ventures-backed Credit Sesame laid off 14% of its workforce - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »