The news:Microsoft said there are now 145 million daily active users on Microsoft Teams, its fast-growing collaboration software. Thats up from 115 million in October and 75 million in April 2020.
Why it matters: The pandemic and shift to remote work has caused a huge spike in Teams usage. Microsoft is aiming to make Teams a central hub and operating system for work, attempting to give its communication and collaboration software an edge over rivals such as Zoom, Slack and Google, while expanding its productivity technologies further beyond the core Microsoft Office suite.
Teams has an advantage over competitors because it is offered as a component of the Microsoft 365 subscription plans that include the companys widely used Office productivity software.
Earnings: Microsoft on Tuesday also announced its fiscal third quarter earnings, beating expectations with $41.7 billion in revenue. Overall revenue in the Productivity and Business Processes division was $13.6 billion, up 15%. The division includes Office and related products, including Microsoft Teams.