CORRECTING and REPLACING: Slack CEO Stewart Butterfield Shares Updated Business Metrics During Tweetstorm on Impact of COVID-19
March 26 2020 - 4:36PM
Business Wire
Please replace the release with the following corrected version
due to multiple revisions.
The corrected release reads:
SLACK CEO STEWART BUTTERFIELD SHARES UPDATED
BUSINESS METRICS DURING TWEETSTORM ON IMPACT OF COVID-19
Slack Technologies, Inc. (NYSE: WORK) today announced that CEO
and co-founder Stewart Butterfield posted a series of messages to
his personal Twitter account related to developments inside and
outside of the company over the past three weeks. In those tweets,
Butterfield provided several updated metrics related to usage of
Slack and the performance of the business. These included:
- Simultaneously connected users increased from 10 million on
March 10, 2020 to 12.5 million on March 25, 2020
- Returning teams, an internal metric that measures the growth
and progression of newly-created work teams, had, by around March
10, 2020, increased by more than 120% in Italy, 34% in Japan, and
33% in Korea
- The creation rate of new Slack workspaces (which the company
believed to be created by businesses) increased by hundreds of
percent from March 12, 2020 to March 25, 2020
- From February 1, 2020 to March 25, 2020 (approximately 60% of
the way through the first fiscal quarter1), Slack added 9,000 new
paid customers, an 80% increase over the full quarterly total for
the preceding two quarters. Over the same period the number of
messages sent per user per day increased approximately 20%.
- During weekdays, the cumulative number of minutes of active use
of Slack by all users globally now exceeds one billion.
About Slack:
Slack has transformed business communication. It’s the leading
channel-based messaging platform, used by millions to align their
teams, unify their systems, and drive their businesses forward.
Only Slack offers a secure, enterprise-grade environment that can
scale with the largest companies in the world. It is a new layer of
the business technology stack where people can work together more
effectively, connect all their other software tools and services,
and find the information they need to do their best work. Slack is
where work happens.
Forward-Looking
Statements:
This press release contains forward-looking statements,
including, but not limited to, statements regarding our guidance
and future financial performance, market demand, product
development, growth prospects, business strategies and plans,
ability to attract and retain customers, ability to compete
effectively and the potential impact of COVID-19 on our
business.
These forward-looking statements are based on management's
current views and assumptions and should not be relied upon as of
any subsequent date, and we disclaim any obligation to update any
forward-looking statements. Actual results may vary materially from
today's statements. Information concerning our risks,
uncertainties, and other factors that could cause results to differ
from these forward-looking statements are contained in the
company's SEC filings, earnings press release, and supplemental
information posted on the Investor section of the company's
website.
Slack and the Slack logo are trademarks of Slack Technologies,
Inc. or its subsidiaries in the U.S. and/or other countries. Other
names and brands may be claimed as the property of others.
1Slack’s first fiscal quarter of its fiscal year ending January
31, 2021 is from February 1, 2020 through April 30, 2020.
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version on businesswire.com: https://www.businesswire.com/news/home/20200326005225/en/
Jesse Hulsing Investor Relations ir@slack.com
Karesha McGee Media Relations pr@slack.com
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