Microsoft revealed its financial results for the first quarter of the new fiscal year 2023, from July to September, on October 25. For the first time since offering himself GitHub in 2018, the tech giant communicated about the financial data of the code hosting service open source. Over the course of four years, the platform has multiplied by 5 its revenue and by 3 its number of active users.
GitHub continues to grow
GitHub was purchased for $7.5 billion in June 2018 by Microsoft and then radio silence. American society never shared information about the performance of the service. Four years later, she finally takes it up an update on financial health of its acquisition.
In a press release, Satya Nadella, president and CEO of Microsoft, announced that ” since our acquisition, GitHub has reached an annual turnover of one billion dollars and GitHub’s developer-centric ethos has never been stronger “. He adds that ” more than 90 million people using this service today “. In comparison, GitHub generated 200 million dollars per year in 2018 and so on about 28 million people.
The alliance between Microsoft and GitHub is working well
Since the acquisition, the Redmond-based company has let GitHub and its people work their way. In 2018, developers on the platform worried about the direction that it could take control of Microsoft. They feared that changes would be made to the operation of the service and that free offers are reduced in favor of paid features.
Over the years, the reverse happened. GitHub continued to offer more and more services for free. The presence of Microsoft has also enabled to produce new tools. This is the case GitHub Copilotan artificial intelligence capable of generating lines of code developed in collaboration with OpenAI in July 2021.