Certain of these non-GAAP financial measures exclude stock-based compensation and related employer payroll taxes, amortization of debt discount and issuance costs, and amortization of intangible assets. This press release and the accompanying tables contain the following non-GAAP financial measures: Calculated Billings, Free Cash Flow, non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development expenses, non-GAAP sales and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, and non-GAAP net loss per share. Non-GAAP net loss per share of $0.14 to $0.13, assuming weighted average shares outstanding of 567 million.Non-GAAP operating loss of $75 million to $70 million.Total revenue of $868 million to $873 million, representing year-over-year growth of 38%.Non-GAAP net loss per share of $0.06 to $0.05, assuming weighted average shares outstanding of 571 million.įor the full fiscal year 2021, Slack currently expects:.Non-GAAP operating loss of $27 million to $23 million.Total revenue of $220 million to $223 million, representing year-over-year growth of 30% to 32%.Acquired Rimeto, a provider of enterprise directory software.įor the third quarter of fiscal year 2021, Slack currently expects:.Over 380,000 connected endpoints on Slack Connect, up over 200% year-over-year.Over 52,000 Paid Customers using Slack Connect, up from over 41,000 at the end of last quarter.87 Paid Customers with greater than $1 million in annual recurring revenue, up 78% year-over-year.985 Paid Customers with greater than $100,000 in annual recurring revenue, up 37% year-over-year.Over 130,000 Paid Customers, up 30% year-over-year.Free Cash Flow was $10.8 million, or 5% of total revenue, compared to $(7.9) million, or (5)% of total revenue for the second quarter of fiscal year 2020. Net cash provided by operations was $14.5 million, or 7% of total revenue, compared to cash used in operations of $0.3 million, or 0% of total revenue, for the second quarter of fiscal year 2020.GAAP net loss per basic and diluted share was $0.13.Non-GAAP operating loss was $6.7 million, or 3% of total revenue, compared to a $55.6 million loss in the second quarter of fiscal year 2020, or 38% of total revenue. GAAP operating loss was $68.6 million, or 32% of total revenue, compared to a $363.7 million loss in the second quarter of fiscal year 2020, or 251% of total revenue.Non-GAAP gross profit was $190.9 million, or 88.4% gross margin, compared to $126.3 million, or 87.1% gross margin, in the second quarter of fiscal year 2020. GAAP gross profit was $187.5 million, or 86.8% gross margin, compared to $113.9 million, or 78.5% gross margin, in the second quarter of fiscal year 2020.Calculated Billings was $218.2 million, an increase of 25% year-over-year. Total revenue was $215.9 million, an increase of 49% year-over-year.Second Quarter Fiscal 2021 Financial Highlights: “Our largest customers are standardizing their work on Slack, and we ended the quarter with 87 Paid Customers spending over $1 million annually, up 78% year-over-year.” “In a volatile macro environment, we remain focused on investing for long-term growth and driving innovation in this category, said Allen Shim, Chief Financial Officer at Slack. We ended the quarter with more than 380,000 connected endpoints, up more than 200% year-over-year, and now more than 52,000 Paid Customers use Connect, up 160% year-over-year.” “One of the drivers of this acceleration was Slack Connect, which offers seamless, secure intercompany collaboration that we believe is light years ahead of email. “Paid Customer growth - which is the single most important driver of the business over the long term - accelerated again in Q2, up 30% year-over-year,” said Stewart Butterfield, Chief Executive Officer and Co-Founder at Slack. SAN FRANCISCO, September 8, 2020-Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fiscal quarter ended July 31, 2020. Total revenue of $215.9 million up 49% year-over-yearĨ7 Paid Customers with greater than $1 million in annual recurring revenue, up from 49 year-over-year
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