Satya Nadella Says Microsoft's Copilot Drives 40% Of GitHub's Revenue Growth: We Are Also 'Enabling Anyone To Use Natural Language To Create Apps…'
Portfolio Pulse from Ananya Gairola
Microsoft's AI-powered developer tool, Copilot, has significantly contributed to GitHub's revenue growth, accounting for over 40% of its revenue increase. The tool has been adopted by over 77,000 organizations, leading to GitHub's annual revenue run rate reaching $2 billion. Microsoft is also integrating generative AI across its Power Platform, with over 480,000 organizations using these capabilities. Despite positive financial results, Microsoft shares fell 2.81% in after-hours trading.
July 31, 2024 | 9:44 am
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Microsoft's AI-powered Copilot has driven significant revenue growth for GitHub, contributing to a $2 billion annual revenue run rate. Despite positive Q4 financial results, Microsoft shares fell 2.81% in after-hours trading.
The significant contribution of Copilot to GitHub's revenue growth and the positive Q4 financial results are strong indicators of Microsoft's successful AI integration. However, the immediate market reaction has been negative, with shares falling 2.81% in after-hours trading. This could be due to profit-taking or other market dynamics, but the long-term outlook remains positive given the strong revenue growth and adoption rates.
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