Slack Technologies Inc (NYSE:WORK) Q1 2020 Earnings Conference Call - Final Transcript

Jun 04, 2020 • 05:00 pm ET


Slack Technologies Inc (NYSE:WORK) Q1 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Slack Technologies First Quarter Earnings Conference Call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Jesse Hulsing, Vice President of Investor Relations. Thank you. Please go ahead.

Jesse Hulsing

Good afternoon, and thank you for joining us on today's conference call to discuss Slack's First Quarter Fiscal 2021 Financial Results. On the call, we have Stewart Butterfield, Co-Founder and Chief Executive Officer; and Allen Shim, Chief Financial Officer.

During the course of today's call, we may make forward-looking statements, including but not limited to, statements regarding our guidance and future financial performance, market demand, product development, growth prospects, business strategies and plans, ability to attract and retain customers and ability to compete effectively. We will also make forward-looking statements regarding the potential impact of the global COVID-19 pandemic on US and global economies and our business. These forward-looking statements are based on management's current views and assumptions and should not be relied upon as of any subsequent date. And we disclaim any obligation to update any forward-looking statements. Actual results may vary materially from today's statements. Information concerning our risks, uncertainties and other factors that could cause results to differ from these forward-looking statements are contained in the Company's SEC filings, earnings press release and supplemental information posted on the Investor section of the Company's website.

Our discussion today will include certain non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from GAAP measures. Our non-GAAP measures exclude the effect of our GAAP results of stock-based compensation and certain other items. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP measures in our earnings release and on our Investor Relations website at

I would now like to turn the conference call over to Slack's Co-Founder and Chief Executive Officer, Stewart Butterfield. Stewart?

Stewart Butterfield

Thanks, Jesse, and thank you all for joining today's call. Before we begin, I want to take a moment to acknowledge the second human crisis we are living through right now, one that is not caused by a silent, unthinking virus, but the one that is caused by us, by people. By generations of systemic racism and white supremacy that now regularly manifests itself in violence, in poverty, and in the oppression of black people. This is a crisis of our own making, not nature's, and it will take all of us to repair it, to demand that it is repaired. That's why it's important for me to highlight it now, because silence is a luxury we cannot afford. I know we're here to talk about Slack, our business and our quarterly results, but from the Company's perspective, that was something that needed to be said.

So now, moving on to the business side. Q1 was a phenomenal quarter, by most metrics, one of the strongest ever for Slack. Revenue for the quarter was