Slack has seen a 'significant spike' in new users from the coronavirus, but says it's too early to tell if it will help its business
Slack says it has been seeing an uptick in new users for its free product, but that it is too early to tell how that will impact the business.
Slack's true growth comes from signing on large customers, like IBM and Uber, which could be harder to do due to coronavirus because of less travel and an uncertain economic climate, the company said on a call with analysts after its earnings report on Thursday.
Shim and CEO Stewart Butterfield added that it is too soon to tell if any of that new usage will translate to paying customers and increased revenue for the company, and that it's difficult to predict what might happen given how uncertain the business environment is at the moment.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slack falls as much as 20% after earnings - Business InsiderSlack stock falls as much as 20% after it reported earnings that show slowing growth and weaker guidance than expected
Read more »
Stocks making the biggest moves after hours: Slack, Gap, Broadcom and moreStocks making the biggest moves after hours: Slack, Gap, Broadcom & more
Read more »
World Health Organization describes coronavirus outbreak as pandemicThe World Health Organization sees the outbreak of the new coronavirus as a pand...
Read more »
Amazon Web Services is canceling a conference in San Francisco due to coronavirus fears - Business InsiderAmazon Web Services has canceled its summit in San Francisco, following other tech companies like Google, IBM, and Facebook.
Read more »
Comcast, AT&T making changes to internet due to coronavirus fears - Business InsiderAT&T is lifting all internet data caps and Comcast is cutting some introductory service fees in response to the shift to more home use amid the coronavirus outbreak
Read more »