GitLab shares (GTLB) gained 13% in trading Wednesday after the DevSecOps platform reported better-than-expected second-quarter results and raised its full-year revenue and profit forecasts. The results offered investors evidence that the growing use of artificial intelligence in software development could expand rather than weaken demand for GitLab's platform.
GitLab Inc (NASDAQ:GTLB) reported second-quarter revenue and profit that beat analyst estimates, as the company's shift toward consumption-based artificial intelligence revenue gained momentum, sending its shares up more than 14% on Wednesday morning. The DevSecOps platform provider posted revenue of $286.3 million for the quarter, above the $273 million analysts had expected and up 21% year-ov...
Stock futures are mixed this morning as the market looks to rebound from a recent slump; Dell shares are surging after the tech giant reported strong results and boosted its forecasts; AI chipmaker Broadcom and database software firm Snowflake are set to report earnings this afternoon; GitLab shares are soaring after a strong quarterly report; and MongoDB stock is tumbling despite solid results...
SAN FRANCISCO--(BUSINESS WIRE)--All-Remote–GitLab Inc. (NASDAQ: GTLB), the intelligent orchestration platform for DevSecOps, today reported financial results for its second quarter fiscal year 2027, ended July 31, 2026. “Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year,” said Bill Staples, GitLab Chief Executive Officer. “As AI drives mor...
SAN FRANCISCO--(BUSINESS WIRE)--(All Remote)--GitLab Inc., the intelligent orchestration platform for DevSecOps, today announced updates that give enterprises more control as they scale agentic software development. GitLab Dedicated customers, who already run their most sensitive software delivery workloads on GitLab, can now run GitLab Duo Agent Platform inside that same single tenant environm...
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