Number of daily users on Slack grows by 37%
Slack increases in popularity as bridge closes with competitor Microsoft
The number of daily active users using Slack, the workplace chat app, has increased by 37% from a year earlier, the company says.
Slack reported that over 12 million people used the app daily in September, up from more than 10 million as of the quarter ended January 31.
Following the announcement, Slack stock rose as much as 2% in extended trading.
Slack held its public market debut in June through a direct listing instead of an IPO. After falling 3% on Thursday to $23.82 (£18.81), the stock is down about 8% from its initial reference price and 38% from the opening day closing price.
Microsoft, one of Slack’s main competitors, said in July that its Teams communication app had more than 13 million daily active users. Slack’s latest figures suggest it is closing the gap.
Slack chief executive Stewart Butterfield has been sceptical of how Microsoft determines the number of people using Teams.
In an interview with CNBC, Butterfield said Microsoft are "not comparing the same thing when they say daily active user”.