219 Enterprise SaaS Incumbent AI Rollouts = Microsoft GitHub Copilot – 6/22 Note: GitHub revenue is disclosed irregularly; 3 datapoints are from company leadership’s disclosures. Public developer launch date shown. GitHub reports annualized revenue; here, we translate this to quarterly revenue. Source: Company announcements & investor filings Microsoft GitHub Copilot – 6/17-6/24, per GitHub, Microsoft & Wells Fargo GitHub Copilot is by far the most widely adopted AI-powered developer tool. Just over two years since its general availability, more than 77,000 organizations – from BBVA, FedEx, and H&M, to Infosys and Paytm – have adopted Copilot, up 180% year-over-year. - Microsoft CEO Satya Nadella, 7/24 Revenue, $MM $0 $250 $500 6/17 6/18 6/19 6/20 6/21 6/22 6/23 6/24 We have been delighted by the early response to GitHub Copilot and vs. Code with more than 1 million sign-ups in just the first week post launch. All up, GitHub now is home to 150 million developers, up 50% over the past two years. - Microsoft CEO Satya Nadella, 1/25 GitHub Copilot Public Launch Quarter Ending Horizontal Enterprise Platform = SaaS Incumbents Or Large Language Model Challengers? GitHub Revenue ($MM)