Slack (WORK) Tops Q3 EPS by 6c; Guides

(Updated - December 4, 2019 4:19 PM EST)

Slack (NYSE: WORK) reported Q3 EPS of ($0.02), $0.06 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $168.7 million versus the consensus estimate of $156.02 million.

“Revenue growth was 60% year-over-year, driven by strong growth upmarket,” said Allen Shim, Chief Financial Officer at Slack. “We ended the quarter with 821 Paid Customers greater than $100,000 in annual recurring revenue, which is up 67% year-over-year. We also exceeded 50 Paid Customers with greater than $1 million in annual recurring revenue for the first time, an indication that large enterprises are increasingly standardizing on Slack as their primary collaboration platform.”

Slack sees Q4 revenue of $172-$174 million and non-GAAP net loss of ($0.07)-($0.06) per share, versus the consensus of $172.9 million and ($0.06)

Slack sees FY revenue of $621-$623 million and non-GAAP net loss of ($0.32)-($0.31), versus the consensus of $609 million and ($0.40).

For earnings history and earnings-related data on Slack (WORK) click here.

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