Over 950,000 connected endpoints on Slack Connect, up over 265% year-over-year.Over 91,000 Paid Customers using Slack Connect, up from over 74,000 at the end of last quarter.113 Paid Customers with greater than $1 million in annual recurring revenue, up 45% year-over-year.1,285 Paid Customers with greater than $100,000 in annual recurring revenue, up 33% year-over-year.Over 169,000 Paid Customers, up 39% year-over-year.Free Cash Flow was $62.7 million, or 23% of total revenue, compared to $3.7 million, or 2% of total revenue for the first quarter of fiscal year 2021. Net cash provided by operations was $62.8 million, or 23% of total revenue, compared to cash provided by operations of $8.7 million, or 4% of total revenue, for the first quarter of fiscal year 2021.Non-GAAP net income per diluted share was $0.08. GAAP net loss per basic and diluted share was $0.05.Non-GAAP operating income was $10.8 million, or 4.0% of total revenue, compared to a $16.6 million loss in the first quarter of fiscal year 2021, or (8.3)% of total revenue. GAAP operating loss was $55.3 million, or (20.2)% of total revenue, compared to a $76.2 million loss in the first quarter of fiscal year 2021, or (37.8)% of total revenue. Non-GAAP gross profit was $238.0 million, or 87.1% gross margin, compared to $179.2 million, or 88.9% gross margin, in the first quarter of fiscal year 2021. GAAP gross profit was $234.1 million, or 85.6% gross margin, compared to $176.0 million, or 87.3% gross margin, in the first quarter of fiscal year 2021.Calculated Billings was $278.5 million, an increase of 35% year-over-year.Total revenue was $273.4 million, an increase of 36% year-over-year. In Q1, we generated a record amount of free cash flow and expanded non-GAAP operating margins 1200bps year-over-year.”įirst Quarter Fiscal 2022 Financial Highlights: “We also continue to drive substantial leverage. “We saw rapid growth across segments in the first quarter, adding 13,000 net new Paid Customers and 102 net new Paid Customers spending greater than $100,000 annually,” said Allen Shim, Chief Financial Officer at Slack. In Q1 we saw a near-record number of Paid Customer additions, a record number of Paid Customers adopting Slack Connect, and approached 1 million active developers on our platform.” “Slack is not just embracing this trend, we are enabling it. “Companies globally are racing toward a digital-first way of working to attract talent and to win,” said Stewart Butterfield, Chief Executive Officer and Co-Founder at Slack. Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fiscal quarter ended April 30, 2021. Over 950,000 connected endpoints on Slack Connect, up 265% year-over-year Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.Total revenue of $273.4 million, up 36% year-over-yearĪdded over 13,000 net new Paid Customers, for a total of 169,000 You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.
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