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GitLab Inc. - GTLB STOCK NEWS

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.

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GitLab Inc. has launched its first annual US Partner Leadership Summit, announcing a significant expansion of its partner program, which saw a 75% increase in channel and alliance partners over the past year. The company welcomed new partners such as Dynatrace and Secure Code Warrior, and reported a 292% surge in onboarded alliance partners. GitLab issued 2,700 certifications, enhancing the ecosystem's capabilities. The summit aims to foster collaboration in delivering a comprehensive DevOps platform, addressing the evolving needs of businesses seeking to innovate and retain customers effectively.

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GitLab Inc. (NASDAQ: GTLB) announced the launch of GitLab 15, enhancing its comprehensive DevOps platform with new capabilities for software development and collaboration. The update aims to improve efficiency, visibility, continuous security, compliance, and enterprise agile planning. Key features include better observability, security scanning, workflow automation, and ML capabilities for data science. With 90% of companies prioritizing DevOps, GitLab's unified platform addresses the need for mature practices, allowing organizations to streamline operations and deliver software faster and more securely.

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GitLab Inc. (GTLB) will report its financial results for Q1 FY2023, ending April 30, 2022, after U.S. markets close on June 6, 2022. A Zoom video conference and earnings webcast will commence at 4:30 p.m. EST / 1:30 p.m. PST that day to discuss these results. Registration for the call is available online, and a replay will be accessible on GitLab's Investor Relations website shortly after.

GitLab positions itself as The One DevOps Platform, offering a unified interface and various capabilities to streamline software innovation across multiple cloud environments.

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GitLab (GTLB) has been approved as a vendor under California's Software Licensing Program (SLP), allowing state and local agencies, including educational institutions, to purchase GitLab software licenses at discounted rates. This initiative aims to enhance the accessibility and cost-effectiveness of GitLab’s DevOps Platform, enabling faster and more efficient software delivery. With this contract, agencies can modernize legacy systems while ensuring security and compliance. GitLab's offerings are now available under SLP, streamlining the procurement process for public sector organizations.

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GitLab (NASDAQ: GTLB) announces the appointment of Ashley Kramer as Chief Marketing and Strategy Officer, effective April 4, 2022. Kramer's extensive experience at leading tech firms like Tableau and Alteryx is expected to bolster GitLab's growth in the DevOps platform sector, which boasts a projected market opportunity of $40 billion. The company's recent fourth-quarter results show a remarkable 69% year-over-year revenue increase and a dollar-based net retention rate exceeding 152%, highlighting strong customer adoption.

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GitLab (NASDAQ: GTLB) announces the resignation of David Hornik from its Board of Directors and Audit Committee, to focus more on early-stage venture investments. Hornik's extensive experience in the tech industry aided GitLab in scaling its operations and achieving its IPO. CEO Sid Sijbrandij expressed gratitude for Hornik's contributions. Despite his departure, Hornik remains optimistic about GitLab’s future, highlighting a shift toward unified DevOps platforms.

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GitLab reported a 69% year-over-year revenue growth in Q4 FY 2022, reaching $77.8 million. The company's Dollar-Based Net Retention Rate exceeded 152%, highlighting strong customer expansion and retention. Despite this growth, GitLab posted a GAAP net loss per share of $(0.32) for the quarter, with a GAAP operating margin of (52)%. For FY 2022, total revenue was $252.7 million, a 66% increase, yet the net loss per share was $(1.95). The company anticipates a revenue range of $385.5 - $390.5 million for FY 2023.

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GitLab Inc. (NASDAQ: GTLB) announced it will report its financial results for the fourth quarter and fiscal year 2022, concluding January 31, 2022, after U.S. markets close on March 14, 2022. A conference call and earnings webcast will follow at 4:30 p.m. ET to discuss the results. Registration for the call is available via their website. Archived replays and transcripts will also be accessible on GitLab's Investor Relations site.

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GitLab Inc. announced its successful achievement of ISO/IEC 27001:2013 certification, highlighting its dedication to high-level enterprise security assurance. This certification, awarded on the first attempt by Schellman and Company, LLC, signifies GitLab's effective information security program and compliance with best practices. With ISO 27001, customers can confidently use GitLab's DevOps platform, ensuring their data's security and streamlining extensive assessments. GitLab's commitment also extends through other certifications, enhancing its security and compliance offerings.

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GitLab (NASDAQ: GTLB) has acquired Opstrace, Inc., enhancing its DevOps platform with a pioneering integrated observability solution. This acquisition allows GitLab to provide organizations with a comprehensive open-source observability tool that integrates monitoring functions, aiming to improve developer productivity and reduce incident response times. GitLab plans to embed Opstrace’s capabilities into its services, offering an accessible, cost-effective alternative to existing SaaS observability solutions. The integration is expected to be available for both SaaS and self-managed users.

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FAQ

What is the current stock price of GitLab (GTLB)?

The current stock price of GitLab (GTLB) is $59.83 as of December 20, 2024.

What is the market cap of GitLab (GTLB)?

The market cap of GitLab (GTLB) is approximately 9.0B.

What does GitLab Inc. do?

GitLab Inc. provides a comprehensive DevSecOps platform that enables developers to collaboratively create, manage, and secure codebases.

What is GitLab Duo Enterprise?

GitLab Duo Enterprise is an AI-powered add-on that enhances security, streamlines workflows, and fosters team collaboration across the entire software development lifecycle.

How does GitLab's platform differ from competitors?

Unlike other DevOps solutions that require multiple tools, GitLab consolidates everything into a single platform with one codebase and a unified interface.

What are the financial highlights for GitLab?

Despite a $4 million headwind in fiscal year 2025 revenue guidance, GitLab has adjusted its forecasts to meet expectations and continues to show resilience and growth.

Where is GitLab headquartered?

GitLab is headquartered in the United States and has operations in Europe and Asia Pacific.

What kind of models does GitLab offer?

GitLab offers both self-managed and software-as-a-service (SaaS) models.

How many users does GitLab have?

GitLab has over 30 million registered users.

Which major companies use GitLab?

More than 50% of Fortune 100 companies rely on GitLab's platform.

What is the company’s approach to transparency?

GitLab is committed to transparency, as evidenced by its publicly available company Handbook and frequent updates on financial metrics and operational strategies.

What recent innovations has GitLab announced?

GitLab recently announced GitLab Duo Enterprise and a new CI/CD catalog to improve efficiency and standardize workflows.

GitLab Inc.

Nasdaq:GTLB

GTLB Rankings

GTLB Stock Data

9.03B
136.09M
3.75%
82.85%
3.05%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO