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 Inc. (NASDAQ: GTLB) reported a strong fourth quarter for fiscal year 2023, with revenue reaching $122.9 million, a 58% increase year-over-year. The company experienced a 68% revenue growth for the entire fiscal year, totaling $424.3 million. While GAAP net loss per share improved to $(0.26) from $(0.32) year-over-year, the GAAP operating margin stood at (38)%. GitLab saw growth in customers with over $5,000 in annual recurring revenue (ARR) up 52% to 7,002. The company is optimistic about future growth, forecasting Q1 FY 2024 revenue between $117.0 million and $118.0 million.
GitLab Inc. (NASDAQ: GTLB) has announced its plans to release financial results for the fourth quarter and fiscal year 2023 on March 13, 2023, after U.S. markets close. The results will cover the period ending on January 31, 2023.
A Zoom video conference and earnings webcast will follow at 4:30 p.m. EST to discuss the findings. Interested participants can register via the provided links. Archived materials, including a replay and transcript, will be available afterward on GitLab's Investor Relations website.
GitLab strengthens security assurance at the highest international standard
GitLab has enhanced its security certification portfolio, achieving a SOC 2 Type 1 report for GitLab Dedicated and expanding its SOC 2 Type 2 report for GitLab.com to include Availability criteria. The company added GitLab Dedicated to its ISO/IEC 27001:2013 certification scope and expanded certification against ISO/IEC 27017:2015 for cloud security and ISO/IEC 27018:2019 for privacy. This commitment to international compliance aims to enhance customer trust and security for both small businesses and large enterprises. GitLab continues to invest in its security and compliance programs.
GitLab (NASDAQ: GTLB) announced that CFO Brian Robins will present at the Needham Growth Conference on January 12, 2023, at 11:00 AM ET. This fireside chat will be streamed live, and a replay will be accessible on GitLab's investor relations page. GitLab is renowned for its all-in-one DevSecOps platform, enabling organizations to innovate, manage, and deliver software efficiently.
With one interface and cloud-agnostic capabilities, GitLab supports teams in translating business visions into reality, enhancing customer service and retention.
GitLab Appoints Mark Porter to Board
GitLab has announced the appointment of Mark Porter, former CTO of MongoDB, as a new independent director on its Board. With extensive experience in databases from companies like Grab, AWS, and Oracle, Porter will enhance GitLab's product strategy, particularly in DevSecOps, MLOps, and DataOps. His insights are expected to support GitLab's mission to streamline software development. Additionally, GitLab recently introduced four major product solutions, including a single-tenant SaaS and a collaboration with Google Cloud.
GitLab Inc. (NASDAQ: GTLB) reported a strong third quarter for fiscal year 2023, achieving $113.0 million in revenue, a 69% year-over-year increase. Despite a GAAP net loss per share of $(0.33), the company demonstrated improving margins with a non-GAAP loss of $(0.10), a significant improvement from the previous year. Key metrics included a dollar-based net retention rate exceeding 130% and a growth in high-value customers, indicating robust demand for its DevSecOps platform. GitLab also provided positive guidance for the next quarter, expecting revenues between $119.0 - $120.0 million.
GitLab has announced that Brian Robins, Chief Financial Officer, will present at the UBS Global TMT Conference on December 7, 2022, at 10:50 am ET. The presentation will be a fireside chat and can be accessed via a live webcast. This event highlights GitLab’s commitment to transparency and engagement with investors.
GitLab is recognized as the DevSecOps platform for software innovation, offering unified tools for development, security, and operations in a cloud-agnostic environment. Webcast replays will be available on GitLab's investor relations site.
GitLab Inc. has announced the limited availability of GitLab Dedicated, a new single-tenant SaaS solution designed to enhance operational efficiency and security for enterprises. This offering addresses complex compliance needs with a focus on data residency and private networking, catering to regulated industries like government and finance. GitLab Dedicated enables organizations to utilize GitLab’s DevSecOps platform with reduced infrastructure management overhead, promising shorter cycle times, lower costs, and improved security. The solution supports evolving global data protection policies while ensuring compliance.
GitLab Inc (NASDAQ: GTLB) will have its CEO and Co-Founder, Sid Sijbrandij, present at GitLab Connect Japan 2022. The keynote is scheduled for November 29, 2022, at 9:00 am Japan Standard Time, and will be available for viewing until 9:00 am Japan Standard Time on November 30, 2022. The event aims to showcase GitLab as a leading DevSecOps platform, emphasizing its cloud-agnostic features and comprehensive capabilities in software innovation.
GitLab Inc. (NASDAQ: GTLB) is set to announce its financial results for Q3 FY2023, concluding October 31, 2022, on December 5, 2022, post-market close. The results will be discussed during a Zoom video conference starting at 4:30 p.m. EST. Investors can register for the call via GitLab's Investor Relations website. GitLab continues to position itself as a comprehensive DevSecOps platform, integrating various functionalities into a unified interface aimed at enhancing software innovation.
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