Slack beats quarterly revenue estimates

 Slack beats quarterly revenue estimates

(Reuters) – Slack Technologies Inc beat Wall Street estimates for quarterly revenue on Wednesday as more companies subscribed to its messaging platform.

The company’s revenue jumped nearly 60% to $168.7 million (£131.49 million) in the second quarter ended Oct.31, above analysts’ average estimates of $156.0 million, according to IBES data by Refinitiv.

However, net loss attributable to common stockholders widened to $89.2 million from $47.7 million a year earlier.

(Reporting by Neha Malara in Bengaluru; Editing by Shailesh Kuber)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Dec 05, 2019 04:05:52 IST

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