Slack has reported its first quarter fiscal 2022 results, revealing a 36 percent year-on-year increase in total revenue to $273.4m.
With its $27.7 bn acquisition by Salesforce still ongoing, Slack said it added 13,000 net new paid customers during Q1, including 102 paid customers that will generate annual recurring revenue greater than $100,000.
Slack ends Q1 with 169,000 total paid customers, an increase of 39 percent year-on-year. The company has over 91,000 paid customers using the communications platform Slack Connect, up from 74,000 at the end of the last quarter.
Stewart Butterfield, Slack CEO and co-founder said: “Companies globally are racing toward a digital-first way of working to attract talent and to win. Slack is not just embracing this trend; we are enabling it. In Q1, we saw a near-record number of paid customer additions, a record number of paid customers adopting Slack Connect, and approached one million active developers on our platform.”
Allen Shim, Slack CFO added: “We saw rapid growth across segments in the first quarter, adding 13,000 net new paid customers and 102 net new paid customers spending greater than $100,000 annually. We also continue to drive substantial leverage. In Q1, we generated a record amount of free cash flow and expanded non-GAAP operating margins 1200bps year-over-year.”