Slack to spend at least $250 million on Amazon Web Services over five years — less than Pinterest or Lyft
Slack said on Friday that it has a hefty commitment to spend money with Amazon Web Services through 2023, though it's not as big of a customer as other companies to recently go public like Lyft and Pinterest.
Amazon, which said Thursday that revenue at AWS surged 41% in the first quarter to $7.7 billion and accounted for about of half of the company's total operating profit, doesn't provide specific details on how much it gets from top customers. But more of that information has been coming out as companies that grew up on AWS go public and disclose their financials for the first time.
While AWS accounts for a significant expense for each of those companies, none of them are spending nearly as much as Apple. CNBC reported this week that Apple is shelling out more than $30 million a month, or over $360 million a year, with Amazon to reliably deliver iCloud and other services to consumers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slack could publicly file its S-1 this week in a major step toward an IPOSlack, the $7 billion workplace chat app, is expected to file its S-1 on Friday.
Read more »
Slack valued near $17 billion on secondary market ahead of public offeringSlack investors are getting up to $28 a share to sell some of their holdings ahead of a public offering.
Read more »
Slack files to go public, revealing $400 million in revenue and $139 million in lossesSlack will pursue a direct listing on the New York Stock Exchange under the symbol 'SK.'
Read more »
Slack Files to Go Public via Direct ListingSlack Technologies Inc. published plans for its unusual initial public offering, detailing financial results of a fast-growing business whose software has become the main method of communication for some customers.
Read more »
slack - MarketWatch.com Search
Read more »
Slack posts $141 million annual loss as it files to go publicSlack Technologies, operator of the popular workplace instant-messaging app, rep...
Read more »
EU watchdogs give banks no leeway on Brexit-driven hub demandsEuropean Union regulators are refusing to cut British-based banks any slack over...
Read more »