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Strong subscription growth drives Slack's earnings beat; shares rise


(Reuters) - Slack Technologies Inc (WORK.N) beat Wall Street estimates for quarterly revenue and profit as it signed on larger companies to its workplace communication platform, sending its shares up nearly 3% in trading after the bell.

The company competes directly with Microsoft Corp’s (MSFT.O) workplace messaging platform, Teams, which grew more than 50% to roughly 20 million daily active users in the September quarter.

In the latest quarter ended Oct. 31, Slack grew by about 20% to more than 12 million daily active users.

“It may take some time for Slack to shake off the ‘Microsoft overhang ...


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