Slack Announces Preliminary Fourth Quarter and Fiscal Year 2021 Results; Acceleration Caps Off a Record Setting Year - Seite 2

Non-GAAP Financial Measure:

Calculated Billings is a non-GAAP financial measure. Slack believes that this non-GAAP measure provides useful information to management and investors regarding certain financial and business trends relating to Slack’s financial condition and results of operations. Slack’s management uses this non-GAAP measure to compare Slack’s performance to that of prior periods for trend analysis, and for budgeting and planning purposes. Slack believes that the use of this non-GAAP financial measure provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing Slack’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors. The non-GAAP financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies.

Management does not consider this non-GAAP measure in isolation or as an alternative to financial measures determined in accordance with GAAP. Slack urges investors to review the reconciliation of its non-GAAP financial measure to the comparable GAAP financial measure, which is included below, and not to rely on any single financial measure to evaluate Slack’s business.

 

		Three Months Ended January 31,								Year Ended January 31,
		2021				2020				2021				2020
		(In thousands)
Revenue		$	250,598			$	181,903			$