Why GitLab Stock Was Soaring Today
Gitlab (GTLB) The Motley Fool·2024-09-05 02:09
It's business as usual for GitLab.Shares of GitLab (GTLB 17.07%) were soaring today after the DevOps cloud software specialist posted strong results in its fiscal 2025 second-quarter earnings report, beating estimates on the top and bottom lines.As of 12:17 p.m. ET, the stock was up 17% on the news. GitLab keeps growingIn a difficult environment for cloud software companies, GitLab keeps delivering solid growth.Revenue in the quarter rose 31% to 177 million. Adjusted gr ...