Adobe Slack

The enhanced Adobe Creative Cloud integration with Slack The Creative Cloud app for Slack is a popular integration that lets you easily share Creative Cloud assets, get notifications, and stay up to date on your design projects. It helps you collect design feedback and iterate faster. The Adobe + Slack Partnership Adobe and Slack have an active Technology Partnership. There are 2,369 companies in the Adobe partner ecosystem and 1,380 companies in the Slack partner ecosystem. 80 companies exist in both ecosystems, representing 3% of the Adobe parther ecosystem and 6% of the Slack partner ecoystem.

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© Provided by The Motley Fool Better Buy: Slack vs. Adobe

Slack(NYSE: WORK) and Adobe(NASDAQ: ADBE) are both forward-thinking companies that are changing how people work.

Slack's enterprise communication platform reduced the need for clumsy email chains and time-consuming phone calls. It also recently expanded its platform with Slack Connect, which allows companies to communicate and collaborate securely with external partners.

Adobe transformed its desktop software into cloud-based services that locked in customers with subscriptions and eliminated the need for local software installations and periodic upgrades. Adobe also expanded its cloud ecosystem with additional services for enterprise customers.

Slack went public via a direct listing in June 2019. But after a few wild swings, its stock is still hovering near its initial reference price of $26. Meanwhile, Adobe's stock has surged nearly 60% just since Slack's public debut. Let's see why Adobe outperformed Slack, and if it will remain the faster-growing stock for the foreseeable future.

© Getty Images A young woman works at her laptop.

Slack: A first mover with a shrinking moat

Slack operates a 'freemium' business model. Paying businesses gain unlimited messages and integrated tools, better security, more cloud storage, automation services for repetitive tasks, and other services.

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Slack was founded seven years ago, and it enjoys a first mover's advantage in its disruptive niche. However, Microsoft's (NASDAQ: MSFT) Teams, which was launched in 2017, copied many of Slack's features and was subsequently bundled into Office 365 subscriptions as a free service.

In response, Slack filed an antitrust complaint against Microsoft in Europe earlier this year, alleging the tech giant was 'force installing' a 'weak, copycat product' onto 'millions' of users. Slack continued to grow as Microsoft expanded Teams, but that competitive threat cast a long shadow over the underdog's future.

Adobe: An evolving tech giant with an expanding ecosystem

Adobe splits its business into two main divisions: the Digital Media unit, which provides its creativity and productivity software as cloud-based services; and the Digital Experience unit, which hosts its enterprise tools.

The Digital Media unit's Creative Cloud hosts industry-standard software like Adobe Photoshop, Premiere Pro, Illustrator, After Effects, and Acrobat. Most of these software products dominate their respective markets.

The Digital Experience unit, which hosts cloud-based advertising, analytics, advertising, and e-commerce tools, faces much tougher competition. salesforce.com(NYSE: CRM) competes against most of Adobe's enterprise-oriented services, while Shopify competes against Adobe's Magento e-commerce services.

Which company is growing faster?

Slack's revenue grew 57% year over year to $630 million in fiscal 2020, which ended on Jan. 30. Its GAAP net loss widened from $141 million to $571 million last year, but its non-GAAP net loss narrowed slightly from $116 million to $113 million.

In the first half of fiscal 2021, Slack's revenue rose 49% year over year to $417.5 million, fueled by a shift to remote work during the coronavirus pandemic. Its number of paid customers rose 30% year over year to 131,000 in the second quarter, with an impressive net retention rate of 125%.

Slack's GAAP net loss narrowed year over year from $393 million to $150 million in the first half of the year, while its non-GAAP net loss narrowed significantly from $80 million to $16 million. It expects its revenue to rise 38%-39% for the full year with a narrower net loss than 2020.

Those numbers all indicate Microsoft isn't crushing Slack, but investors still seem skeptical about its long-term prospects against the tech giant.

© Getty Images A man uses photo-editing software on a PC.

Adobe's revenue rose 24% year over year to $11.17 billion in fiscal 2019 (which ended last November), and its non-GAAP net income rose 15%. Its GAAP net income grew 14% to $2.95 billion.

In the first nine months of 2020, Adobe's revenue rose 15% year over year to $9.44 billion. Its Digital Media unit remained stable throughout the pandemic as it locked in its subscribers, but its Digital Experience unit struggled as the pandemic throttled its advertising cloud revenue.

But on the bottom line, Adobe's non-GAAP net income rose 29% year over year to $3.55 billion as it reined in its spending throughout the pandemic. For the full year, it expects its revenue to rise 15%, and for its non-GAAP EPS to grow 30%.

Adobe already repurchased 6.5 million shares in the first three quarters of 2020 (about 1% of its float), and it plans to continue buying back shares throughout the ongoing pandemic -- even as many other companies suspend their buybacks to conserve cash.

The valuations and verdict

Slack is difficult to value because it isn't profitable yet. But it currently trades at about 13 times next year's sales, which is a fairly low price-to-sales ratio for a company with nearly 40% annual revenue growth.

Adobe trades at 44 times forward earnings and 15 times next year's sales. Those valuations are also reasonable relative to those of many of its cloud-based peers. For example, Salesforce trades at 69 times forward earnings and 10 times next year's sales.

I believe Slack and Adobe both have room to grow as their core platforms disrupt and streamline traditional business processes. But if I had to pick one over the other, I'd stick with Adobe, because it's better diversified, has a wider moat, and is consistently profitable.

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Adobe Systems, Microsoft, Salesforce.com, Shopify, and Slack Technologies and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.

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Although the transition to working from home was fast and furious for a lot of organizations, many companies are now figuring out that working remotely is the future of work—pandemic or not.

Below are 23 companies that have switched to long-term remote work, along with some of their recent remote opportunities that have been posted to the FlexJobs database (to see current openings, log in to your FlexJobs account).

Note:

FlexJobs is a subscription service for job seekers that features flexible and remote jobs. With an A+ rating from the Better Business Bureau, the monthly subscription costs allow us to fully vet and verify all of the jobs on our site—ensuring that customers have a safe and positive job searching experience.

Companies Switching to Remote Work

1.Amazon

As the largest online retailer in the world, Amazon employs nearly 92,000 employees all over the globe and offers traditional and e-books, furniture, household items, apparel, electronics, music, movies, and more.

Remote work plans: Employees whose positions allow them to work from home can do so through June 2021.

Recent remote job openings:

  • Customer Service Associate
  • Customer Support Associate
  • Economist – Advertising Finance

2.American Express

American Express is a global provider of financial goods and services, including payment solutions, travel, and financial management for individuals and businesses.

Remote work plans: Employees can continue working from home through Labor Day 2021.

Recent remote job openings:

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  • Manager – Corporate Communications – Global Supply Management
  • Business Analyst – Workforce Forecasting – Capacity Planning – Scheduling
  • Real – Time Analyst

3.Capital One

Capital One, one of the nation’s top 10 largest banks, provides financial services and products for consumers, commercial customers, and small businesses nationwide.

Remote work plans: Capital One plans to keep all non-essential staff working from home until Labor Day 2021.

Recent remote job openings:

  • Bilingual Collections Associate – Repo
  • Customer Solutions Specialist

4.Coinbase

Coinbase offers cryptocurrency services designed to facilitate transactions in open-source, peer-to-peer digital currencies like bitcoin, ethereum, and litecoin.

Remote work plans: Coinbase has become a “remote-first” company, allowing most staff who want to work remotely to do so indefinitely. Once pandemic restrictions are lifted, employees who want to return to the office will be able to for some or all of their working hours.

Recent remote job openings:

  • Social Media Manager
  • Training Lead, Client Services
  • Group Product Marketing Manager, Consumer

5.Dropbox

Dropbox helps people and companies keep files in sync, and share and collaborate on projects anytime and anywhere.

Remote work plans: Dropbox will let all employees work from home permanently. Existing office space will become Dropbox Studios, where people can choose to go in to work.

Recent remote job openings:

  • Director of Product Management, Business Platform
  • Senior Director of Product
  • Sales Compensation Analyst

6.Facebook

Founded in 2014, Facebook is the largest social media network worldwide, with more than 2.6 billion monthly active users.

Remote work plans: Facebook will allow up to 50% of their employees to work remotely forever. The rest of the company can remain remote until July 2021.

Recent remote job openings:

  • Product Designer
  • Technical Program Manager

7.Hawke Media

Hawke Media offers a full range of digital marketing services. It specializes in optimizing digital media strategies to help companies work more efficiently, save money, and generate revenue.

Remote work plans: Hawke Media is now a fully remote company.

Recent remote job openings:

  • Digital Strategist
  • Vice President of Creative Operations

8.Infosys

Information technology and services company, Infosys, offers services to clients in more than 50 countries worldwide. Infosys solutions include strategic consulting, digital transformation, insights and analytics, business services, engineering services, and finance and accounting.

Remote work plans: Infosys will allow 33%-50% of its workforce to work from home permanently.

Recent remote job openings:

  • Underwriting Manager
  • Post Closer Process Associate

9.Lambda School

Founded in 2017 as a revolutionary alternative to traditional colleges, Lambda School trains students for high-tech careers with 100% online classes and no up-front costs.

Remote work plans: Lambda School has rolled out a permanent work-from-anywhere policy, and employees can work from anywhere in the U.S.

Recent remote job openings:

  • Data Analyst
  • Engineering Manager for Student Products
  • Marketing Analyst

10.Microsoft

Microsoft is a multinational technology corporation that develops, manufactures, and markets computer software, consumer electronics, and personal computers.

Remote work plans: Employees can work from home for approximately 50% of their work week. Managers have the option to approve full-time remote work for staff.

Recent remote job openings:

  • Senior Business Program Manager, Customer Success
  • Executive Communications Lead – Storytelling
  • Customer Engineer

11.Salesforce

Salesforce helps businesses of all shapes and sizes connect with customers using their customer relationship manager.

Remote work plans: Salesforce has declared the 9-to-5 workday dead and now offers three categories of flexible work for employees: Flex (only in the office one to three days per week), fully remote, and office-based (the small number of staff who need to be in-person four to five days per week).

Recent remote job openings:

  • Accessibility Content Marketing Manager
  • Account Executive, Public Sector
  • Enterprise Account Executive

12.Shopify

Shopify is an ecommerce company that provides a multichannel, cloud-based commerce platform for small and mid-sized companies to design, organize, and manage stores across various sales channels.

Remote work plans: All of Shopify’s 5,000 employees can work from home indefinitely.

Recent remote job openings:

  • Payroll Manager
  • Senior Legal Counsel, Product and Commercial

13.Siemens

Started in 1847, Siemens is a global industrial electrical engineering and electronics corporation that operates nine divisions. Products include industrial controls, energy-efficient building solutions, wind turbines, medical imaging technology, and train and subway solutions.

Remote work plans: 140,000 of Siemens’ employees can permanently work from home for two to three days per week.

Recent remote job openings:

  • Senior Scientific Marketing Manager – Pharmaceutical Services
  • Software Designer, Developer – Java

14.Skillshare

Skillshare is an online learning community that services more than 3 million students. Classes cover areas as diverse as design, business, crafts, culinary arts, technology, and film.

Remote work plans: Skillshare is moving to permanent remote work.

Recent remote job openings:

  • Head of User Research
  • Content Program Manager
  • Director of Product, Consumer Experience

15.Slack

Slack offers real-time messaging, archiving, and search services designed to facilitate team communication so users can quickly and efficiently stream communication and documents to share with colleagues.

Remote work plans: Most Slack employees can work from home permanently, and Slack is committing to hiring more permanently remote employees.

Recent remote job openings:

  • Senior Product Manager, Conversations, Search and Channels
  • Senior Product Manager, Monetization
  • Group Product Manager, Productivity

16.Spotify

A Swedish company, Spotify provides music, comedy, podcast, and streaming services. Users can play music directly from the cloud, instead of downloading it to their device, and have access to more than 30 million tracks.

Remote work plans: Spotify recently announced that employees can choose to work in the office, remotely, or in a company-paid coworking space.

Recent remote job openings:

  • Backend Engineer

17.Square

Square began as a small credit card-reading application and now provides merchants with the ability to manage point-of-sale systems, accept credit card payments, and sell online.

Remote work plans: Even when offices begin to open, Square employees will be able to work from home permanently.

Recent remote job openings:

  • Editor, Editorial Strategist, Management
  • Senior Technical Accounting Manager
  • Technical Writer

18.Starbucks

A global coffee brand, Starbucks aims to provide an inspiring and nurturing environment in each establishment.

Remote work plans: Starbucks has extended its remote work plan until October 2021.

Recent remote job openings:

  • Director, Policy and Practice – Inclusion and Diversity
  • Senior Information Security Engineer – Identity and Access Management

19.Target

Target is the nation’s second-largest discount store retailer and operates over 1,800 stores in 47 states.

Remote work plans: Employees in the Minnesota headquarters can continue working remotely until June 2021, with plans for a long-term hybrid model.

Recent remote job openings:

  • Lead Data Analyst, Talent Analytics
  • Senior Data Analyst, Talent Analytics

20.Twitter

Twitter is an online social networking and news service that allows people to post messages and interact with others instantly around the world using short messages.

Remote work plans: Employees at Twitter will be able to work from home indefinitely, going into the office if and when they choose.

Recent remote job openings:

  • Senior – Staff Researcher – Creator Experience
  • Conversation Lead
  • Senior Researcher – Media Experience

21.Upwork

Upwork is the world’s largest freelance marketplace offering 2,500 skill categories, with 10 million registered freelancers and 4 million registered client companies.

Remote work plans: Upwork is permanently adopting a remote-first model, with remote work being the default for all employees.

Recent remote job openings:

Adobe Analytics Slack

  • Senior Product Designer
  • Senior Content Designer
  • Directory, Diversity Change Management

22.VMware

A subsidiary of Dell Technologies, VMware specializes in cloud and virtualization software and services. Its products and services include data center and cloud infrastructure, networking and security, storage and availability, cloud management, and more.

Remote work plans: VMware is offering permanent, remote work to all employees.

Recent remote job openings:

  • Senior Open Source Community Manager
  • Senior Product Manager
  • Senior Customer Service Engineer, Tanzu Observability

23.Zipwhip

Zipwhip is a Software-as-a-Service (SaaS) company that provides software to text-enabled phone numbers by adding texting to existing landlines, toll-free phone numbers, and VoIP.

Remote work plans: Zipwhip has extended its work-from-home policy for all employees through July 2021.

Recent remote job openings:

  • Senior Software Engineer – Android
  • Senior Software Engineer – Mobile and Services

Find a Remote Job With FlexJobs

Given the success of remote work over the past year, it’s likely that the number of companies switching to working from home will continue to climb, along with an increase in available work-from-home jobs.

We post remote and flexible jobs in more than 50 career fields. All of our jobs are fully vetted and verified, providing you with a safe and user-friendly job searching experience. Learn more about our platform and how we can help connect you to flexible work opportunities!

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