News Formal

Slack posts huge loss in first quarter as public company

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Slack Technologies Inc , the workplace messaging and communication platform, posted a huge loss in its first quarter as a public company as it ...

REUTERS: Slack Technologies Inc , the workplace messaging and communication platform, posted a huge loss in its first quarter as a public company as it spent heavily on sales and marketing to boost engagement on its platform and retain users.

The company, described as an"email killer", said net loss attributable to common stockholders rose to US$359.56 million, or 98 cents per share, in the second quarter ended July 31, from US$31.86 million, or 26 cents per share, a year earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

US IPOs hope for stock market volatility reprieveUS companies planning to launch initial public offerings (IPOs) in the coming weeks are hoping that August's bout of stock market volatility will ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »