GitLab Beats Profit and Sales Estimates, Boosts Outlook on Strong AI Demand
GTLBGitlab (GTLB) Investopedia·2024-09-04 22:41

Key TakeawaysGitLab posted second-quarter earnings and revenue that exceeded forecasts as artificial intelligence (AI) product demand boosted sales.The software-development provider also raised its full-year guidance.Co-founder and CEO Sid Sijbrandij said organizations need faster software solutions to compete in the AI arena. GitLab (GTLB) shares soared Wednesday, a day after it posted better-than-expected results and raised its guidance, becoming the latest tech firm to benefit from the soaring demand for ...