Firstly it is a back end to what most people would traditionally think of as "Microsoft Office", i.e. the suite of desktop tools (Word, PowerPoint, Excel and so on). In this respect, it acts as a hub for collaboration, document storage/sharing, search and a range of other functions. However, SharePoint can also be used independently of the Office desktop components as a very respectable and capable portal environment for serving up either native .Net or composite applications to users through a browser.
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