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.
On April 25, 2023, GitLab (NASDAQ: GTLB) announced a Zoom video conference set for May 3, 2023, at 08:00am PT / 11:00am ET. During this conference, management will outline GitLab's strategy regarding AI and its product roadmap, addressing customer pain points. No financial data will be presented in this session. CEO Sid Sijbrandij will lead the discussion, which aims to inform stakeholders about the company’s direction in integrating AI into its offerings. Interested participants can register via GitLab's website. An archived replay of the conference will also be available on GitLab's Investor Relations page. GitLab is recognized as a leading DevSecOps platform, trusted by over 30 million users.
GitLab has released its 7th annual Global DevSecOps Report highlighting key trends in software development security. The survey, conducted in March 2023 with over 5,000 IT leaders, noted a shift towards incorporating security early in the development lifecycle. Key findings reveal:
- 71% of security experts now capture vulnerabilities, up from 53% in 2022.
- AI and ML are increasingly being adopted, with 65% of developers planning to use these technologies within three years.
- 66% of respondents wish to consolidate their toolchains due to productivity barriers.
Despite challenges, especially within the U.S. public sector where software deployment rates have plateaued, over half of government participants are considering DevSecOps solutions in the near future.
GitLab Inc. has partnered with Oracle Corporation to enhance AI and ML capabilities through GPU-enabled GitLab runners on Oracle Cloud Infrastructure (OCI). This collaboration aims to aid developers by expediting model training and inference, making software delivery faster and more cost-effective. GitLab reports a significant rise in AI/ML adoption, with 24% of users adopting these technologies, projected to reach 65% in the next three years. The new offering optimizes AI/ML workloads, improving performance, scalability, and security, while ensuring seamless integration with existing GitLab instances. This strategic move positions GitLab to capitalize on the increasing demand for AI/ML applications and supports customers in building secure, high-performance DevOps environments.
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