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EARNINGS-Slack beats quarterly revenue estimates

Credit: REUTERS/Brendan McDermid

Slack Technologies Inc beat Wall Street estimates for quarterly revenue on Wednesday as more companies subscribed to its messaging platform.

Dec 4 (Reuters) - Slack Technologies Inc WORK.N beat Wall Street estimates for quarterly revenue on Wednesday as more companies subscribed to its messaging platform.

The company's revenue jumped nearly 60% to $168.7 million in the second quarter ended Oct.31, above analysts' average estimates of $156.0 million, according to IBES data by Refinitiv.

However, net loss attributable to common stockholders widened to $89.2 million from $47.7 million a year earlier.

(Reporting by Neha Malara in Bengaluru; Editing by Shailesh Kuber)

((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 0344;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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