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The COVID-19 crisis has led to a rapid shift to working from home and a surge in the use of digital collaboration tools in the enterprise. Enterprise communication platform Slack (NYSE: WORK) last month reported a strong first quarter that beat estimates.
Slack's Financials
Slack's Q1 revenue grew 50% to $201.7 million. Non-GAAP net loss per share was $0.02. Analysts expected loss of $0.06 per share on revenue of $187 million.
During the quarter, Slack added 90,000 net new free and paid organizations, bringing the total to over 750,000. It added 12,000 net new paid