Slack Reports 67 Percent Increase in Total Revenue for Q1 FY2020

Slacks fiscal year 2020 is off to a good start. For its first fiscal quarter of 2020 for the period ended April 30, 2019,
Slacks fiscal year 2020 is off to a good start. For its first fiscal quarter of 2020 for the period ended April 30, 2019, global collaboration hub Slack reported total revenue of $134.8 million, a 67% increase year-over-year. The company ended the quarter with more than 95,000 paying subscribers, including 645 who generate more than $100,000 in annual recurring revenue, an 84% increase year-over-year. Launched publicly in 2014, the Slack collaboration tool has more than 10 million daily active users, in over 600,000 organizations in over 150 countries. Slacks net dollar retention rate was 138%....

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