Comprehensive software reviews to make better IT decisions
Slack Reports Better-Than-Expected Results for Q3
Slack reported better-than-expected results for its fiscal third quarter, despite a tumultuous year that has seen its debut stock value plummet by half.
Key takeaways from Slack’s Q3:
- Loss of 2 cents a share
- $168.7 million in revenue, beating expected revenue forecast of $156 million
- Revenue for Q3 2019 increased by 60% from $105.6 million in Q3 2018
Source: SoftwareReviews Slack Scorecard. Accessed December 10, 2019
Slack’s fall in value from its debut stock listing may be beginning to slow down. However, the reality is that Slack’s poor performance on the stock exchange is not over. Microsoft’s continued competitive pressure through its Teams offering is absolutely an existential threat to Slack.
Slack may like to think it is a key competitor with Microsoft in the team collaboration space. Yet Microsoft’s $1 trillion market size paints a very different power dynamic. Office 365 is ubiquitous in the workplace and Teams is “good enough” to keep Slack at bay if organizations want to rationalize their collaboration toolsets.
Slack’s resort is to try and change public discourse to user engagement metrics – of which Slack would be winning. Unfortunately, the metric that matters most – its stock value – is not yet responding.
Source: SoftwareReviews Microsoft Teams Scorecard. Accessed December 10, 2019
Want to Know More?
Google has announced several updates to its G-Suite offering, which aims to heavily integrate and better secure its teamwork applications. The move represents a clear attempt by Google to directly compete with Microsoft’s office productivity suite, with several of the G-Suite updates mirroring the logical architecture of Office 365.
As of July 1, 2020, over 70,000 small business users receiving their Microsoft 365 services from Navisite will now receive them from Intermedia. The move means that Navisite’s users now have access to a range of Intermedia offerings, including Unite, Contact Center, and AnyMeeting.
Thinking about choosing a new software vendor but don't know where to start? Narrow down your shortlist by focusing on software that has received an Info-Tech Research Group award. New data from SoftwareReviews shows that organizations reported higher satisfaction when they switched to software that had received an Info-Tech award.
COVID-19 has not only initiated emergency remote work – it has also forced organizations to gaze into the looming economic abyss because of the pandemic lockdowns. In this climate, organizations should look in-house to see what communication and collaboration tools can be leveraged to optimize remote work. This note explores how organizations with Office 365 licenses can leverage Microsoft Teams as their collaboration hub.
Adoption is one of the biggest challenges that organizations deal with when implementing commercial project management tools. Amid a global pandemic, this challenge has only been exasperated with many working from home.
The impact of COVID-19, as it became a global pandemic in Q1 of 2020, has affected user sentiment toward software during a growing period of fear, uncertainty, and doubt. To analyze the impact, SoftwareReviews compared Satisfaction (willingness to recommend to a peer), ability to deliver Business Value (fair cost to value), and Likeliness to Renew prior to March 10 and post March 10.
GitHub has announced that, effective April 14, 2020, all of its core features will be free for everyone. This will include private development within organizations that have previously paid for some subscription plans.
As the world responds to the spread of the novel coronavirus COVID-19, closed schools in some affected areas are turning to eLearning and web conferencing to maintain continuity in course delivery and/or studying.
Google’s G-Suite Surpasses 2 Billion Active Monthly Users