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Microsoft Corporation (MSFT)

GitHub Acquisition Call

June 4, 2018 10:00 A.M. ET

Executives

Turi Widsteen - General Manager, Commercial Communications

Satya Nadella - Chief Executive Officer, Microsoft

Chris Wanstrath - Chief Executive Officer and co-Founder, GitHub

Nat Friedman - Incoming Chief Executive Officer, GitHub

Amy Hood - Chief Financial Officer, Microsoft

Analysts

Presentation

Operator

Greetings and welcome to Microsoft GitHub Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to turn the conference over to your host, Turi Widsteen. Thank you. You may begin.

Turi Widsteen

Thank you for joining us today for the conference call regarding Microsoft’s acquisition of GitHub. Joining us this morning on the call, we have Satya Nadella, CEO of Microsoft; Chris Wanstrath, CEO and co-founder of GitHub; Nat Friedman, the incoming CEO of GitHub; and Amy Hood, the CFO of Microsoft.

During this call, we will make forward-looking statements which are predictions, projections, or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in today’s press release and presentation, in the comments made during this call, and in the risk factors section of our Form 10-K, Form 10-Q, and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statement.

And with that, let me pass to Microsoft CEO, Satya Nadella.

Satya Nadella

Thank you, Turi. It’s a pleasure to be here today to talk about GitHub and Microsoft and our shared goal to empower developers. I want to share what this acquisition will mean for our industry and for developers.

The era of the intelligent cloud and the intelligent edge is upon us. Computing is becoming embedded in the world with every part of our daily life and work and every aspect of our society and economy being transformed by digital technology. And developers are the builders of this new era, writing the world’s code. As every industry is being impacted by technology from precision medicine to precision agriculture, from personalized education to personalized banking, the developer community will only grow in numbers and importance.

Developer workflows will drive and influence business process and functions across the organization from marketing to sales to service to IT and HR. And this is just not happening in the technology sector, but in every industry. According to LinkedIn data, software engineering roles in industries outside of tech such as retail, healthcare, and energy are seeing double-digit growth year-over-year, 25% faster than the growth of developer roles in the tech industry itself. As every company becomes a digital company, value creation and growth across every industry will, increasingly be determined by the choices developers make.

In short, developers will be at the center of solving the world’s most pressing challenges. However, the real power comes when every developer can create together, collaborate, share code, and build on each other’s work. And in all walks of life, we see the power of communities, and this is true for software development and developers. That’s why we’re so excited about today’s announcement. Building technology so that others can build more technology is core to our mission to empower every person and every organization on the planet to achieve more.

We don’t celebrate technology for technology’s sake, we celebrate what others can do with technology. Also core to our mission is empowering communities from the world’s professionals to IT professionals to gamers. We believe in the power of communities to achieve more than what their members can do on their own. It’s our ability to work together that helps our dreams become reality, and we’re dedicated to cultivating and growing communities to do just that.

More than 28 million developers already collaborate on GitHub, and its home to more than 85 million code repositories used by people in nearly every country. From students to hobbyists to startups to large organizations, GitHub is the destination for developers to learn, share, and work together to create software. And GitHub is the world’s leading software development platform. It’s a destination for Microsoft, too.

As GitHub shared in a recent report, Microsoft is the most active organization on GitHub with more than 2 million commits or updates made to projects. And from our earliest days, we have been a developer-focused company with our very first product, the BASIC Interpreter for the Altair in 1975. Obviously, a lot has happened since then, but we still focus on creating tools and platforms for this new generation of developers. We’ve always loved developers, and we love open-source developers.

We have been on a journey ourselves with open source and the open source community. Today, we’re all in with open source. We’re active in the open source ecosystem, we contribute to open source projects, and some of our most vibrant developer tools and frameworks are open sourced. When it comes to our commitment to open source, judge us by the actions we’ve taken in the recent past, our actions today, and in the future.

Given all this, together with GitHub, we see three clear opportunities ahead: First, we will empower developers at every stage of their development life cycle from ideation to collaboration to deployment to the cloud and to the edge. Going forward, GitHub will remain an open platform, which any developer can plug into and extend. Developers will continue to be able to use the programming languages, tools, and operating systems of their choice for their projects, and will still be able to deploy their code to any cloud and any device.

Read the rest of this transcript for free on seekingalpha.com