Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
2 Dec 2020 Acquired Special: Slack + Salesforce Emergency Pod with Packy McCormick of Not Boring
“In the beginning of the pandemic, that expansion got hit because companies were laying people off and that was leading the contraction in monthly revenue in their existing accounts, but I think most of that's behind them, so it’s interesting.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 2 Dec 2020
- Publisher
- Acquired
Transcript context
…That might be why they sold. The last quarter, it was 49% year-over-year. This quarter, it was 39% year-over-year. It’s a pretty dramatic growth. They had a bunch of good news to announce this quarter in Slack Connect, but that's got to be a pretty concerning top line number. There's no reason that should be slowing. There should be tailwinds at the company's back. It should still be getting that expansion. In the beginning of the pandemic, that expansion got hit because companies were laying people off and that was leading the contraction in monthly revenue in their existing accounts, but I think most of that's behind them, so it’s interesting. Paid customers are up 140% year-over-year. Slack Connect endpoints are up 140% year-over-year. I'm looking to see if they talk about an expansion, because that's obviously been something that they've been pretty proud of that does not show up at least in the press release. Maybe if that contracts again from 130% before the pandemic, to 125%, to now 120%, and revenue slows a little bit, then that begins to paint a picture that maybe you want to get out before that happens.…
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