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Your CNN account Log in to your CNN account (MSFT) has launched a big splashy ad campaign for its Teams product, a collaborative messaging tool that is similar to Slack.

(MSFT) increasingly has its sights set on taking down Slack. Revenue is expected to rise 43% from the fourth quarter of 2018 to $174.1 million.Īlthough Slack’s sales gains are impressive, investors are worried about the company’s continued losses – especially as software giant Microsoft Slack, which has not announced a date for its earnings release yet, is expected to post a quarterly loss of $31 million, or 5 cents a share. Solid sales but Slack is still losing money Shares of Slack fell more than 5% Tuesday as a result. The company added in the SEC filing that there was no need to update its financial guidance for the fourth quarter or fiscal year, which ended in January. “IBM has been Slack’s largest customer for several years and has expanded its usage of Slack over that time,” Slack said in a Securities and Exchange Commission filing Monday evening. IBM was already Slack’s biggest customer. Slack’s stock was halted on the New York Stock Exchange for news shortly before the market closed, furthering speculation that the company was about to officially announce a major partnership with IBM that could boost its sales.īut there was one little problem.

Now it's under scrutiny from a legendary activist investor (Photo credit should read KAZUHIRO NOGI/AFP/Getty Images) Kazuhiro Nogi/AFP/Getty Images Japanese telecoms giant SoftBank on February 7 said it had begun preparing to list its mobile unit in a move reports said could raise up to $18 billion, making it one of the country's biggest ever initial public offerings. SoftBank Group Corp Chairman and CEO Masayoshi Son gestures as he delivers a speech during a press briefing to announce the company's financial results in Tokyo on February 7, 2018.

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