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April 9, 2020, 1:54 p.m. EDT

Microsoft Teams continues to grow at a blistering pace

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By Jon Swartz

Microsoft Corp.'s /zigman2/quotes/207732364/composite MSFT -0.23% 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. /zigman2/quotes/212180539/composite WORK +6.08% , 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 /zigman2/quotes/210599714/realtime SPX +0.38% is down 3% in the last year.

/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 182.83
-0.42 -0.23%
Volume: 22.66M
June 1, 2020 4:00p
P/E Ratio
30.44
Dividend Yield
1.12%
Market Cap
$1389.67 billion
Rev. per Employee
$902,473
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/zigman2/quotes/212180539/composite
US : U.S.: NYSE
$ 37.18
+2.13 +6.08%
Volume: 18.38M
June 1, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.69 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
3,055.73
+11.42 +0.38%
Volume: 2.50B
June 1, 2020 5:27p
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