From Nasdaq: 2024-06-04 12:43:00

GitLab (GTLB) surpasses expectations with non-GAAP earnings of 3 cents per share in Q1 fiscal 2025, compared to a loss of 6 cents in the year-ago quarter. Total revenues hit $169.2 million, up 33% YoY, driven by growing adoption of GitLab’s DevSecOps Platform.

Subscription revenues increase 36% YoY to $151.2 million, with SaaS revenues surging 50%. GitLab’s collaboration with Google and the release of new products like GitLab Duo Enterprise and the acquisition of Oxeye strengthen its position in the market. Operating margin remains steady at 91%.

Looking ahead, GitLab expects revenues between $176-177 million in Q2 fiscal 2025, with non-GAAP earnings projected at 9-10 cents per share. Despite a current Zacks Rank #3, GitLab’s strategic partnerships and revenue growth make it a promising investment option in the tech sector.



Read more at Nasdaq: GitLab (GTLB) Q1 Earnings and Revenues Surpass Estimates