GitHub Hits $1 Billion in Annual Recurring Revenue
Posted on October 25, 2022 by Paul Thurrott in Dev, Microsoft with 0 Comments
As part of its post-earnings conference call, Microsoft revealed that GitHub has surpassed $1 billion in annual recurring revenue for the first time.
“The GitHub developer platform has crossed $1 billion in annual recurring revenue four years after their acquisition by Microsoft,” a Microsoft representative told me. “The news is big for a couple of reasons, not the least of which is that GitHub has never publicly shared information about revenue and financials.”
I was provided with a few other data points related to this announcement:
- Over 90 million people now use GitHub, up from 28 million when the acquisition occurred and well ahead of GitHub’s public goal to reach 100 million users by 2025.
- Microsoft’s acquisition of, and partnership with, is “by far” the biggest driver of this growth. “While GitHub was growing quickly at the time, they’ve leveraged Microsoft’s scale to sign on a number of major enterprises in the last four years, including KPMG, Philips, Ford, Twilio, Daimler, State of CA, Autodesk, Stripe, Societe Generale, 3M, Bosch and Mercedes Benz,” Microsoft told me.
- GitHub has spent the past four years transforming into something that barely resembles its code-hosting platform roots. “GitHub Actions is the world’s most popular CI/CD [continuous integration/continuous delivery] service, and GitHub Codespaces allows anyone, anywhere to spin up a new environment in seconds, enabling truly global coding in the cloud,” Microsoft noted. “The company also launched GitHub Copilot – a first-of-its-kind AI pair programmer used by millions.”
- GitHub Advanced Security, a massive enterprise security suite that became available within the last year, has been a major revenue driver. Toyota North America adopted it this quarter in one of GitHub’s largest security deals to date.
Microsoft announced its latest quarterly earnings earlier today.
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