Slack Announces Fourth Quarter and Fiscal Year 2020 Results
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Slack (WORK) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 & FY20 EPS/Revenue Guidance
March 12, 2020 4:19 PM EDTSlack (NYSE: WORK) reported Q4 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $181.9 million versus the consensus estimate of $174.14 million.
Fourth Quarter Fiscal 2020 Financial Highlights:
Total revenue was $181.9 million, an increase of 49% year-over-year.Calculated Billings was $254.7 million, an increase of 47% year-over-year.GAAP gross profit was $157.5 million, or 86.6% gross margin, compared to $105.7 million, or 86.6% gross margin, in the fourth quarter of fiscal year 2019. Non-GAAP gross profit was $160.6 million, or 88.3% gross margin, compared to $106.3 million, or 87.1% gross margin, in the fourth quarter of fiscal year... More