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Slack continues to grow at a fast clip despite strong competition from Microsoft and other large vendors.
Slack effectively created the market for team-based chat tools when it debuted four years ago, and has since seen a slew of competitors launch rival products. According to the latest user adoption stats released by the company, Slack now counts 8 million daily active users across more than 500,000 organizations. That’s up from 6 million last September, when the company touted $200 million in annual recurring revenues.