Markets Wired

SAN FRANCISCO–(BUSINESS WIRE)–
Slack Technologies, Inc. (NYSE: WORK) today announced that CEO and co-founder Stewart Butterfield posted a series of messages to his personal Twitter account related to developments inside and outside of the company over the past three weeks. In those tweets, Butterfield provided several updated metrics related to usage of Slack and the performance of the business. These included:

• Simultaneously connected users increased from 10.5 million on March 16, 2020 to 12.5 million on March 25, 2020
• Returning teams, an internal metric that measures the growth and progression of newly-created work teams, has increased in recent weeks by more than 120% in Italy, 34% in Japan, and 33% in Korea
• Newly-created work teams increased substantially from March 12, 2020 to March 25, 2020
• From February 1, 2020 to March 25, 2020, Slack added 9,000 new paid customers, and over the same period average use of Slack increased approximately 20%

About Slack:

Slack has transformed business communication. It’s the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. Slack is where work happens.

Forward-Looking Statements:

This press release contains forward-looking statements, including, but not limited to, statements regarding our guidance and future financial performance, market demand, product development, growth prospects, business strategies and plans, ability to attract and retain customers, ability to compete effectively and the potential impact of COVID-19 on our business.

These forward-looking statements are based on management’s current views and assumptions and should not be relied upon as of any subsequent date, and we disclaim any obligation to update any forward-looking statements. Actual results may vary materially from today’s statements. Information concerning our risks, uncertainties, and other factors that could cause results to differ from these forward-looking statements are contained in the company’s SEC filings, earnings press release, and supplemental information posted on the Investor section of the company’s website.

Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. Other names and brands may be claimed as the property of others.

View source version on businesswire.com:

https://www.businesswire.com/news/home/20200326005225/en/

Jesse Hulsing

Investor Relations

ir@slack.com

Karesha McGee

Media Relations

pr@slack.com

Source: Slack Technologies, Inc.