Revenue is touted to be in the range of $590 million to $600 million, representing an annual growth rate of 47-50%. Slack expects to register about $32 million of one-time expenses related to direct listing fees, which included banking advisory, accounting, and legal fees.įor the fiscal year 2020 ending January 31, 2020, Slack expects adjusted net loss per share of $0.44 to $0.41. Revenue is estimated to be between $139 million and $141 million, representing year-over-year growth of 51-53%. Calculated billings of $149.6 million grew 47% from the first quarter of fiscal 2019.Īlso Read: Slack likely to make stock market debut this year through direct listingįor the second quarter of the fiscal year 2020, the messaging app expects adjusted net loss of $0.20 to $0.19 per share. At the end of FY19, the company had more than 88,000 paid customers and the number of paid customers greater than $100,000 in ARR was 575. Slack ended the first quarter with more than 95,000 paid customers and the number of paid customers greater than $100,000 in annual recurring revenue (ARR) soared 84% annually to 645. On a GAAP basis, the San Francisco, California-based firm’s loss increased to $0.26 per share from a loss of $0.21 per share in the quarter ended April 30, 2018. Revenue surged 67% to $134.8 million with 37% of total revenue coming from outside of the US. Slack’s non-GAAP loss for the first quarter widened to $0.23 per share from a loss of $0.16 per share in the prior-year quarter. The workplace collaboration platform also provided the outlook for its second quarter of 2020 ending July 31, 2019, and the fiscal year 2020 ending January 31, 2020.
Slack Technologies Inc., which is going to list its Class A common stock directly on June 20 with a ticker symbol WORK on NYSE, reported its financial results for the first quarter ended April 30, 2019, on Monday after the market closed.
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