Slack Projects 50% Revenue Growth in Current Year

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Slack Projects 50% Revenue Growth in Current Year
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Slack said it expected fiscal 2020 revenue between $590 and $600 million this year. It had revenue of $400 million in fiscal 2019.

With its initial public offering expected later this month, Slack Technologies Inc. said Monday that it expected revenue to grow by as much as 50% in the current fiscal year.

The messaging company, based in California, said in an amended filing last month that it planned to begin trading its class A shares on or about June 20 on the New York Stock Exchange under the symbol WORK. It made its initial public offering filing with the U.S. Securities and Exchange Commission public in April.

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