Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip

(Reuters) - Microsoft Corp <MSFT.O> said on Tuesday its workplace messaging app, Teams, has more than 20 million daily active users, up from 13 million users in July.

The software maker offers the app as a free add-on platform to its Office365 users. Through Teams, users can start a chat, share files, make calls and hold web conferences.

Microsoft Teams, used by companies like General Electric <GE.N> and SAP <SAPG.DE>, competes with Slack Technologies Inc <WORK.N>.

Slack, whose customers include Electronic Arts Inc <EA.O> and Nordstrom Inc <JWN.N>, reported over 10 million daily active users in the second quarter ended July 31.

Slack's shares closed 8.4% following the news.

Microsoft Teams also competes with Workplace by Facebook Inc <FB.O> and Cisco Systems Inc's <CSCO.O> Webex Teams.

(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Amy Caren Daniel and Rashmi Aich)

11/19/2019 23:37

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