Slack CFO Allen Shim

In a presentation to Wall Street on Monday, Slack’s chief financial officer promised continued growth and a total market opportunity of $28 billion for the office communication company, which is set to go public in the upcoming weeks.
In the presentation, CFO Allen Shim showed statistics on Slack’s continued growth and customer acquisition.
Slack also gave guidance for its first quarter of fiscal 2020, which it intends to report on June 10.
Slack said it expects revenue between $133.8 million and $134.8 million, up 66% at the midpoint from its $80.9 million in revenue in the same period last year.
on the Business Insider homepage.

Wall Street analysts who gathered Monday for Slack’s investor day presentation were promised continued hypergrowth and a total market opportunity worth $28 billion for the office communication company.

Slack is set to IPO in the upcoming weeks through a direct listing, a unique public offering process where the company doesn’t raise any money or sell any shares, though other shareholders like investors and employees can sell their own stakes in the company.

How Slack is valued in its IPO will be determined down the road. Slack’s last private round valued the company at $7.1 billion, though the company disclosed …read more

Source:: Businessinsider – Technology


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