Deals
Slack Revenue Up 67% as Messaging Company Readies Listing
- Message platform company details private sales at $26 a share
- CEO Butterfield, other executives, directors to retain control
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Slack Technologies Inc. released its first quarter financial results showing steady growth and manageable losses as it prepares to go public on June 20.
Slack lost $31.9 million in the three months ended April 30, up 28% from the year prior, according to its revised filing Friday with the U.S. Securities and Exchange Commission. Driven by a 42% increase in paying customers to 95,000 as of April 30, Slack’s revenue for the quarter grew by 67% to $134.8 million.