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Posted at 2020-05-25 04:08:53
[ Microsoft built a wall around its customers ]

Slack's growth prospects in a critical market will face an imposing wall erected by Microsoft, according to a report by Wedbush securities.Microsoft Teams, a competing product to Slack, is available free to business customers of Microsoft Office 365. That will keep many Microsoft enterprise customers from moving to Slack, according to the report.Large enterprise customers are especially important to Slack's future revenue potential.“The Slack solution is impressive and represents a strong growth opportunity, however we believe penetrating this next phase of enterprises will be incrementally more difficult as the Microsoft/Teams value proposition presents a major competitive hurdle going forward in sales cycles,” Wedbush analysts Daniel Ives and Strecker Backe wrote.Microsoft has claimed it has more daily active users than Slack, at 13 million. While Slack has responded and said it had 12 million and highlighted user engagement figures which it says show how much people like using the app. Click here for more BI Prime stories.One out of every ten Microsoft enterprise customers might switch to Slack, the upstart office collaboration tool. To get more news about WikiFX, you can visit WikiFX news official website.
And that's not good news for Slack. The San Francisco company is valued at roughly $10 billion by public market investors who are betting that Slack's passionate “cult” user base will help it become a standard workplace tool — as common as email and mobile phones — in the corporate world.

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