GitLab is experiencing rapid growth with strong revenue estimates, partnerships with Alphabet and Amazon

From Nasdaq: 2024-06-13 15:00:00

GitLab GTLB is experiencing rapid growth with over 30 million registered users, including more than 50% of Fortune 100 companies. The company’s partnerships with Alphabet and Amazon are driving this expansion. GitLab’s total addressable market is estimated to be $40 billion, with strong revenue estimates for the second quarter of fiscal 2025.

GitLab and Alphabet have integrated their capabilities within Google Cloud, offering customers enhanced developer experiences. GitLab is leveraging AI throughout its portfolio, introducing GitLab Duo Chat and GitLab Duo Enterprise to improve productivity and security. The company’s AI offerings have been well-received by customers, driving further adoption.

GitLab’s revenue for the second quarter of fiscal 2025 is estimated to grow by 26-27% year over year. Non-GAAP operating income and earnings are also expected to increase. Despite a decline in stock performance, GitLab’s strong portfolio and partner base position the company for recovery. The stock has a favorable Growth and Momentum Score, offering a strong investment opportunity.



Read more at Nasdaq: Does GitLab’s (GTLB) Growing Clientele Make the Stock a Buy?