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A comment on Even with 49% up sales and a 46% drop in expenses Slack still cant turn a profit. Parent comment

Re:Even with 49% up sales and a 46% drop in expenses Slack s... by mywittyname on Wednesday September 09, 2020 @02:00PM (#24423824)
I just checked, and in 2019, they had $401MM in revenue with 1664 employees. That's ~$240,000 in revenue per employee.

Pinterest looks to have earned about $1.1 billion in revenue during the same time with roughly the same number of employees. Fastly is at $250MM in revenue with just 630 employees.

So it looks like Slack is at least twice as large as it should be for its given revenue. But why? Are they supporting too many platforms/devices? Or are chat applications just not that valuable to companies?

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Re:Even with 49% up sales and a 46% drop in expenses Slack s... by athms on Wednesday September 09, 2020 @03:05PM (#24424580)
>1664 employees

What do they do? I am curious on the breakdown of engineering versus everybody else. I am always reminded of Craigslist, which operates with a skeleton crew. In 2017, it was reported they had 50 people on revenue of almost $700 million.

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Re:Even with 49% up sales and a 46% drop in expenses Slack s... by dublinben on Wednesday September 09, 2020 @04:04PM (#24425311)
According to their 10-Q for this latest quarter, their operating expenses are 42% sales and marketing, 37% research & development, and 21% administrative.

https://investor.slackhq.com/financials/default.aspx

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Re:Even with 49% up sales and a 46% drop in expenses Slack s... by ponker on Wednesday September 09, 2020 @04:15PM (#24425411)
Pinterest is not a useful comparable for B2B SaaS.
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