In fact, according to CFO Allen Shim, the platform helped Slack to carry out a convertible offering of the raised sum of $750 million in the first quarter: He and 15 other CEOs of SaaS companies have the same shared channel that enables them to pool resources, he said.
Looking to the future Slack is hopeful that the new application of shared channels will become a fixture in the post-pandemic new normal market.Įstablishing a private network for a company will create the atmosphere of a virtual office, claimed Butterfield in the earnings call: “Slack acts more like a digital office, a persistent place for users to connect and find information.” Multi SaaS Company Shared Channelīutterfield has been using the multi-channel approach himself for advice as to how to navigate the pandemic. Slack landed a record 90,000 net new free and paid account applications for companies in the first quarter of the 2021 fiscal year, bringing the total to more than 750,000. The company reported non-GAAP operating loss of $22 million to $18 million, and a non-GAAP net loss per share of $0.04 to $0.03.
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