Slack Sales Growth Holds Up Against Growing Microsoft Rivalry
- Big clients help company face competition from software giant
- Revenue, loss in quarter topped Wall Street’s projections
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Slack Technologies Inc. gave an upbeat quarterly forecast, demonstrating the software maker’s resilient growth despite intensifying competition from Microsoft Corp.
Revenue will be $172 million to $174 million in the period ending in January, which would be 42% year-over-year at the midpoint, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $173.2 million, according to data compiled by Bloomberg.