Microsoft Teams continues to grow at a blistering pace [MarketWatch]
Microsoft Corporation (MSFT)
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Source: MarketWatch
Microsoft Corp.'s collaborative-communications platform, Teams, continues to post huge gains in the wake of the coronavirus pandemic. The company on Thursday said a record of 2.7 billion meeting minutes were logged on March 31, an increase of 200% from 900 million in mid-March. Total video calls grew 1,000% in March. And the Pentagon recently launched a Microsoft-based teleworking service for 4 million employees. Microsoft, which is locked in competition with Slack Technologies Inc. , last month said Teams reached 44 million people on a daily basis - up from 32 million on March 11 and 20 million in November. Microsoft shares are up 4.5% in the last year. The broader S&P 500 index is down 3% in the last year.
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