Microsoft clarifies Teams usage surged 775% in Italy
Tweet
Share
E-mail
FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain February 24, 2019. REUTERS/Sergio Perez
Get Alerts MSFT Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
EPS Growth %: +14.0%
Join SI Premium – FREE
(Reuters) - Microsoft Corp (NASDAQ: MSFT) said it has seen a 775% jump in a month for Teams calling and meeting in Italy, withdrawing an earlier statement that the surge was for its cloud services in regions around the world that enforced social distancing to curb transmission of the coronavirus.
The company posted the correction in a blog late Monday, which was originally posted on March 28.
Microsoft did not provide any details on growth in cloud services in virus affected regions in the latest blog update. It did not immediately respond to a Reuters request for comment.
The company had said Teams has seen a significant spike in usage, with 44 million daily users currently on the workplace chat application.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Shailesh Kuber)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft (MSFT) PT Raised to $570 at Oppenheimer
- Quantum X Labs Co-CEO steps down, sole CEO named
- Active options: MSFT SOFI MSTR GME GRAB BAC AVGO NFLX ORCL GOOG
Create E-mail Alert Related Categories
Corporate News, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
