Welcome to our dedicated page for GitLab news (Ticker: GTLB), a resource for investors and traders seeking the latest updates and insights on GitLab stock.
GitLab Inc. (GTLB) is a leading all-remote software development company specializing in DevSecOps. GitLab offers a comprehensive platform that enables developers to collaboratively create, manage, and secure codebases. Built on the renowned Git system, GitLab provides tools for code reviews, issue tracking, and more. The company operates in two major competitive landscapes: DevOps point solutions and DevOps platforms. Unlike other solutions that require multiple tools, GitLab consolidates everything into a single platform with one codebase and a unified interface.
Headquartered in the United States and with operations across Europe and Asia Pacific, GitLab's mission is to accelerate innovation in software development. It offers both self-managed and software-as-a-service (SaaS) models, making it versatile for various organizational needs.
Recently, GitLab introduced GitLab Duo Enterprise, an AI-powered add-on that spans the entire software development lifecycle. This innovation is designed to enhance security, streamline workflows, and foster team collaboration. The AI impact dashboard and value stream forecasting capabilities provide insights into the usage and impact of AI features, helping organizations optimize their development processes.
In financial terms, GitLab has shown resilience and growth. Despite facing a $4 million headwind in fiscal year 2025 revenue guidance, the company has adjusted its forecasts to meet expectations. GitLab remains committed to transparency, as evidenced by its publicly available company Handbook and frequent updates on financial metrics and operational strategies.
With over 30 million registered users and more than 50% of Fortune 100 companies relying on its platform, GitLab continues to be a trusted partner in delivering secure, efficient, and innovative software solutions.
GitLab's 8th annual Global DevSecOps Report reveals mixed sentiments on AI, security, and productivity among 5,300 surveyed stakeholders. While 69% of CxOs report doubling their software shipping speed compared to last year, AI integration remains low at 26%. Key findings include a significant disparity in perceptions of AI risks and training needs between executives and staff. Additionally, 67% of developers use code from open-source libraries, but only 21% of organizations document their software composition with SBOMs. Organizational red tape hinders quick vulnerability fixes, and differing tool usage slows development velocity. The report underscores the need for improved collaboration and technology adoption to bridge these gaps.
GitLab has announced expanded integrations with Google Cloud, significantly enhancing the developer experience through faster, more secure software delivery. The new features include streamlined authentication, automated CI/CD processes, and a unified data plane, combining GitLab's DevSecOps platform with Google services like Identity Access Management and Workload Identity Federation. Key benefits for users include reduced operational costs, improved security, and enhanced productivity, with complete visibility into the entire software development lifecycle. This integration aims to minimize context switching, thereby boosting efficiency and traceability of build artifacts.
GitLab (NASDAQ: GTLB) reported its Q1 FY 2025 financial results, showcasing significant growth and financial improvements. Revenue increased by 33% year-over-year to $169.2 million. Both GAAP and Non-GAAP operating margins expanded, with a positive operating cash flow of $38.1 million and a Non-GAAP adjusted free cash flow of $37.4 million. Despite a GAAP net loss of $54.6 million, the Non-GAAP net income was $4.5 million, equating to $0.03 per share. Key achievements include enhancing the AI-driven DevSecOps platform, integration with Google Console, and two strategic acquisitions. The company forecasts revenue of $733.0-$737.0 million for FY 2025, despite an estimated $4 million headwind from a prior guidance adjustment.
GitLab has announced new AI-driven innovations to enhance software development with the launch of GitLab Duo Enterprise. This end-to-end AI add-on assists in securing software, addressing vulnerabilities, and increasing team collaboration. Key features include AI-powered root cause analysis, a new AI Impact Dashboard, and customizable AI model personalization.
Additionally, GitLab introduces a new CI/CD catalog to standardize workflows and a range of new capabilities including a Native Secrets Manager, GitLab Dedicated on Google Cloud, enhanced Static Application Security Testing (SAST), and product analytics.
These advancements aim to streamline the software development lifecycle, making it faster and more secure for organizations.
GitLab (NASDAQ: GTLB) will release its first quarter fiscal year 2025 financial results on June 3, 2024, following the close of U.S. markets. The quarter ended on April 30, 2024.
Management will host a conference call and webcast to discuss the results at 4:30 p.m. EST / 1:30 p.m. PST on the same day. The webcast will be available on GitLab's investor relations website for one year.
Investors can join the call using conference ID GITLAB or dial 1-800-225-9448 (US/Canada Toll-Free) or 1-203-518-9708 (Toll).
Fleet, the leader in open-source device management, introduces a new 'Maintenance windows' feature to auto-schedule OS updates for macOS, Windows, and Linux, aiming to reduce disruptions caused by IT notifications and forced restarts. The feature analyzes each employee's calendar to find the optimal update time, improving security and user experience for both in-office and remote workers.
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