Slack: Narrows losses, displays healthy revenue growth

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Slack: Narrows losses, displays healthy revenue growth

Slack: Narrows losses, displays healthy revenue growth

  • Workplace messaging powerhouse Slack filed an amended S-1 with the U.S. Securities and Exchange Commission
  • Slack’s Q1 revenues represent a 67% increase from the same period
  • The company reported losses of $138.9 million on revenue of $400.6 million
  • That’s compared to a loss of $140.1 million on revenue of $220.5 million the year prior
  • Slack is in the process of completing the final steps necessary for its direct listing on The New York Stock Exchange
  • Slack is currently valued at $7 billion after raising $1.22 billion in VC funding from investors