By Townhall Chicago News Staff
Microsoft said Friday it was recovering from a global outage that disrupted Outlook and Teams, with the company reporting that affected infrastructure was being brought back online.
The company said in a statement cited on a Fox News broadcast, “We’ve made additional progress toward recovery with actions now completed across portions of affected infrastructure and traffic being gradually restored.” Microsoft said it saw no indication the outage was caused by malicious activity, according to the statement.
Fox Business reported Microsoft shares fell more than 1.5 percent in early trading Friday as the outage continued. Some analysts estimated the disruption could cost the company as much as $100 billion in market value, Fox Business reported, though Microsoft did not confirm that figure.
Outlook and Teams are part of Microsoft’s cloud-based productivity software, used for email and messaging. Microsoft did not give a timeline for when the affected systems would be fully restored, according to its statement.
