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The Future Forum, established by Slack Technologies (NYSE: WORK), released a global study on employee expectations post-pandemic. The Future Forum Pulse revealed that 93% of knowledge workers prioritize flexible scheduling, with 76% seeking location flexibility. Notably, 21% are likely to switch jobs in the next year. The report highlights the critical need for companies to adapt to a flexible work model to attract and retain talent, stressing the importance of enhancing digital infrastructure over physical office space.
Slack Technologies reported strong fiscal Q1 2022 results with $273.4 million in revenue, a 36% year-over-year increase. The company added 13,000 new Paid Customers, leading to a total of 169,000 Paid Customers, up 39%. Slack achieved a significant 122% net dollar retention rate and generated $62.7 million in free cash flow. Despite a GAAP net loss of $0.05 per share, non-GAAP net income was $0.08 per share. Management highlighted rapid growth in Paid Customers using Slack Connect, with a substantial increase in connected endpoints.
Slack Technologies (NYSE:WORK) will release its financial results for Q1 FY 2022, ending April 30, 2021, on June 3, 2021, after U.S. market hours. This report is eagerly anticipated as it may reveal key insights into the company's performance in a competitive messaging platform landscape.
Slack continues to lead in business communication and enterprise solutions, providing a scalable, secure platform that integrates various software tools.
Slack Technologies reported Q4 and fiscal year 2021 results, with total revenue reaching $250.6 million, a 38% year-over-year increase, and total fiscal year revenue at $902.6 million, up 43%. The company added 14,000 new Paid Customers in the quarter, a rise from 5,000 in the previous year. GAAP net loss per share was $0.14 for Q4, but improved from a $0.53 loss for the fiscal year. Slack managed $72.4 million in net cash from operations, marking a significant recovery from prior losses, despite incurring $8.7 million in expenses related to the Salesforce merger.
Slack Technologies (NYSE: WORK) reported strong preliminary results for the fourth quarter and fiscal year ended January 31, 2021. The company achieved a total revenue of $250.6 million for Q4, crossing a $1 billion revenue run rate, and calculated billings of $359.9 million, up 41% year-over-year. For the full fiscal year, Slack generated $902.6 million in revenue, representing a 43% increase. The company also added a record 14,000 net new paid customers, marking a 180% increase YoY.
Slack Technologies reported strong financial results for its fiscal quarter ending October 31, 2020. The company experienced a 39% year-over-year increase in total revenue, amounting to $234.5 million. Notably, Slack added 12,000 net paid customers, reflecting a 140% growth from the previous year. Slack also recorded a 32% rise in customers spending over $100,000 annually. Despite a GAAP operating loss of $65.7 million, improvements in free cash flow were notable, with $32.6 million reported. The transition to a work-from-home environment has significantly fueled customer growth.
Slack Technologies, Inc. (NYSE:WORK) is set to report its financial results for the third quarter of fiscal year 2021, ending October 31, 2020, after U.S. markets close on December 9, 2020. A conference call to discuss these results will take place the same day at 2:00 p.m. Pacific time. Participants must register in advance to access the call, and a live webcast will also be available on the Slack Investor Relations website. Post-call, a replay will be provided for those unable to attend.
SAN FRANCISCO--Slack Technologies, Inc. (NYSE: WORK) will host a fireside chat on October 13, 2020, at 6:30 p.m. ET, featuring CEO Stewart Butterfield and VP of Product Ilan Frank. The discussion, led by Alex Zukin from RBC Capital Markets, will cover highlights from the Slack Frontiers user conference, their product roadmap, and current business trends. Investors can tune in via Slack's Investor Relations website or through a provided Zoom link. A replay of the webcast will be available post-event.
Cole Haan has partnered with Slack Technologies, Inc. (NYSE: WORK) to launch a limited-edition Generation ZERØGRAND footwear collection, blending innovative design with workspace technology. This collaboration, which employs Slack for product development, aims to redefine modern footwear for remote work settings. The collection features four styles with breathable Stitchlite™ materials, each priced at $120. Available on ColeHaan.com and in select stores starting October 7, 2020, this initiative reflects both brands' commitment to innovation in their respective fields.
Slack Technologies (NYSE: WORK) has successfully provisioned over 100,000 employees at H-E-B, a major U.S. retailer, with its communication platform. The rollout, executed in just 72 hours, allows staff across 400 stores to connect securely through tailored channels. H-E-B's CIO emphasized the importance of communicating with dispersed employees, particularly during emergencies. Slack's enterprise-grade environment supports managers in monitoring store operations remotely. However, H-E-B's purchase is immaterial to Slack's Q3 fiscal 2021 financial results.
