Slack beats second-quarter revenue estimates

(Reuters) – Slack Technologies Inc beat quarterly revenue estimates on Tuesday as more companies signed on to its workplace messaging app to keep their employees working from home connected amid the COVID-19 pandemic.

The company’s revenue jumped nearly 49% to $215.9 million in the second quarter ended July 31, above analysts’ average estimate of $209.10 million, according to IBES data from Refinitiv.

The company said net loss attributable to common stockholders narrowed to $74.8 million, or 13 cents per share, from $359.6 million, or 98 cents per share, a year earlier.

(Reporting by Neha Malara in Bengaluru; Editing by Maju Samuel)