Categories AlphaGraphs, Earnings, Technology

Slack (WORK) reports break-even earnings for Q2; revenues surge 49%

Slack Technologies (NYSE: WORK) reported break-even results for the second quarter of 2021 even as revenues jumped 49%. The results also exceeded the market’s projection. Meanwhile, the company’s stock dropped on Tuesday evening following the announcement.

Slack Technologies Q2 2021 Earnings Infographic

The corporate communications app reported nil earnings for the July-quarter, on an adjusted basis, compared to a loss of 14 cents per share last year. Analysts were looking for a loss for the most recent quarter.

The improvement reflects a 49% growth in revenues to $216 million, which also topped the Street view. On an unadjusted basis, net loss was $74.8 million or $0.13 per share, compared to a loss of $359.6 million or $0.98 per share in the second quarter of 2020.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Slack’s Q2 2021 earnings call transcript 


Shares of Slack, which closed Tuesday’s regular session higher, declined during the extended session.

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