GitLab (GTLB) Q1 Earnings and Revenues Surpass Estimates
Gitlab (GTLB) ZACKS·2024-06-05 01:45
GitLab (GTLB) reported non-GAAP earnings of 3 cents per share in first-quarter fiscal 2025, beating the Zacks Consensus Estimate of a loss of 4 cents. The company reported a loss of 6 cents in the year-ago quarter.Total revenues of $169.2 million beat the consensus mark by 2.13% and rallied 33% year over year. The upside can be attributed to the continued adoption of GitLab's DevSecOps Platform by organizations seeking to streamline their software development processes.Top-Line DetailsSubscriptions- self-ma ...