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home / news releases / WORK - What's Driving Slack's Billings Deceleration?

WORK - What's Driving Slack's Billings Deceleration?

Slack Technologies Inc. Class A

Shares of Slack (NYSE: WORK) tanked yesterday after the company reported fiscal second-quarter results on Tuesday. The workplace productivity specialist posted a notable deceleration in billings growth. That key metric was largely the reason why investors were disappointed, as pretty much all other headline figures either met or beat expectations.

Here's what's driving the slowdown.

Image source: Slack.

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Stock Information
Company Name: Slack Technologies Inc. Class A
Stock Symbol: WORK
Market: NYSE
Website: slack.com
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