Slack posts huge loss in first quarter as public company [Reuters (UK)]
Slack Technologies, Inc. (WORK)
Last slack technologies, inc. earnings: 3/12 04:15 pm
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Source: Reuters
Slack posts huge loss in first quarter as public company - Reuters 1 Min Read (Reuters) - Slack Technologies Inc ( WORK.N ), the workplace messaging and communication platform, posted a huge loss in its first quarter as a public company as it spent heavily on sales and marketing to boost engagement on its platform and retain users. Shares of the company fell 6% in extended trading. The company, described as an “email killer”, said net loss attributable to common stockholders rose to $359.56 million, or 98 cents per share, in the second quarter ended July 31, from $31.86 million, or 26 cents per share, a year earlier. (This story corrects to “26 cents” from “28 cents” in paragraph 3) Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved.
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