What is DevOps? The company raised fiscal Q2 2025 EPS of 9 cents to 10 cents, beating 5 cents consensus analyst estimates. Revenues are expected to be between $176 million to $177 million versus $176.75 million. GitLab raised fiscal full year 2025 EPS to 34 cents to 37 cents, up from previous guidance of 19 cents to 23 cents, versus 21 cents consensus estimates. Full-year revenues were raised from $733 million to $737 million, up from previous estimates of $725 million to $731 million versus $731.42 million ...

GitLab is leveraging AI to boost the potency of its portfolio. It has introduced AI throughout the entire software development cycle that improves productivity and security without sacrificing speed. Customers are fast adopting its AI offerings Gitlab Duo and GitLab Duo Pro. GitLab has more than 30 million registered users on its platform. More than 50% of Fortune 100 are GitLab customers. GitLab's robust portfolio has been driving clientele expansion. Enterprises, including NVIDIA (NVDA) and Google Cloud, ...

The integrations combine GitLab's comprehensive DevSecOps platform capabilities, including source code management, planning, CI/CD workflow, and advanced security and compliance with Google Identity Access Management, Workload Identity Federation, Google Cloud Artifact Registry, and Google Compute Engine. Key customer benefits of the integrations include: Supporting Quotes: About GitLab ♥ GitLab SAN FRANCISCO, June 12, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevS ...

Luis Alvarez/DigitalVision via Getty Images Introduction & investment thesis GitLab (NASDAQ:GTLB) is a DevSecOps platform that helps companies reduce their software development cycle times and improve productivity. I upgraded the stock from a "hold" to a "buy" rating when I last covered it on March 17th, and my thesis was predicated on my belief that the post-Q4 earnings selloff had created a buying opportunity given the underlying strength in growing enterprise penetration and operating leverage. Unfortuna ...

The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the nearterm price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stoc ...

Here is How to Spot Oversold Stocks This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering GTLB in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 47.4% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, GTLB currently has a ...

GitLab (GTLB) reported non-GAAP earnings of 3 cents per share in first-quarter fiscal 2025, beating the Zacks Consensus Estimate of a loss of 4 cents. The company reported a loss of 6 cents in the year-ago quarter. Top-Line Details Subscriptions- self-managed and SaaS (89.4% of total revenues) revenues increased 36% year over year to $151.2 million, beating the Zacks Consensus Estimate by 3.03%. License-, self-managed and other revenues (10.6% of total revenues) rose 14.8% year over year to $18 million. Saa ...

Key Points GitLab's NASDAQ: GTLB post-release plunge was not as large as it could have been, but the weaknesses were already priced in. The stock price fell 15% the week before after results from MongoDB NASDAQ: MDB and UiPath NYSE: PATH undercut the outlook for AI and IT spending this year. The takeaways, however, are that the tech sector is growing, albeit at a less robust pace than prior forecasts, and AI is leading the technology industry, setting these businesses up for long-term success. Get GitLab al ...

> $100K Customers (H) 39% 2-Year CAGR Adjusted Free Cash Flow2 8,976 1,025 J N Continued Investment in Growth with Non-GAAP Gross Margin 1 92% 91% 91% 91% 91% 90% 90% 89% 89% 68% 65% 60% 55% 56% 44% 51% 47% 45% 25% 28% 31% 28% 29% 27% 26% 24% 24% 24% 23% 20% 20% 19% 18% 17% 17% 15% S&M as % of Revenue Driving Operating Efficiency While Maintaining Growth Non-GAAP Adjusted Free Cash Flow1 (% of Revenue) Significant year-over-year operating margin expansion Cash efficient business Q1.FYB Questions? Appendix G ...

Financial Data and Key Metrics - Q1 revenue was $169 million, a 33% increase year-over-year [17] - Excluding the impact of the new SSP allocation, Q1 revenue was $170 million, a 34% increase year-over-year [18] - Dollar-based net retention rate (DBNRR) was 129% in Q1, driven by seat expansion (55%), price increases (35%), and tier upgrades (10%) [18] - Non-GAAP gross margins were 91% for the quarter, with SaaS representing over 28% of total revenue, growing 50% year-over-year [19] - Cash from operating activities was $38.1 million in Q1 FY 2025, compared to an $11 million use of cash in the same quarter last year [20] - Adjusted free cash flow was $37.4 million in Q1 FY 2025, compared to an $11.2 million use of cash in the same quarter last year [20] Business Line Data and Key Metrics - GitLab Duo adoption is growing, with customers leveraging AI features like GitLab Duo Chat for project status, planning, and code generation [4][9] - GitLab Duo Enterprise, combining developer-focused AI with enterprise features, is gaining traction, particularly for security tools like root cause analysis and vulnerability resolution [10] - The company closed a six-figure deal with a global financial services company, highlighting the demand for integrated security in the DevSecOps lifecycle [11] - GitLab Dedicated, a single-tenant SaaS solution, was adopted by a major European public service department to enhance collaboration while maintaining compliance [12] Market Data and Key Metrics - Partnerships with Google Cloud and AWS are accelerating cloud migration and expanding distribution [13] - GitLab received the 2024 Google Cloud Technology Partner of the Year Award for the fourth consecutive year [13] - The company is expanding its global presence and focusing on industries with complex security and compliance requirements, such as financial services [14] Company Strategy and Industry Competition - GitLab is investing in AI across the software development lifecycle, with a focus on security, compliance, and productivity [8][10] - The company is expanding its go-to-market strategy by adding more solution architects and global field CTOs to meet regional and industry-specific needs [14] - GitLab is differentiating itself through its integrated platform, which allows customers to replace multiple point solutions, reducing costs and improving efficiency [11][14] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong Q1 performance, with significant revenue growth and margin expansion [3][16] - The company is optimistic about the large market opportunity in front of it, driven by the demand for AI and security features [15][21] - Management emphasized the importance of responsible growth, balancing revenue expansion with profitability [16][21] Other Important Information - The company completed its SSP analysis, resulting in a $4 million headwind for FY 2025, which has been factored into guidance [17][20] - GitLab's China joint venture, JiHu, incurred $3 million in non-GAAP expenses in Q1 FY 2025, with a goal to deconsolidate it in the future [21] - The company is preparing for the GitLab 17 product launch, which will include enhanced security scanning and governance controls [119] Q&A Session Summary Question: Update on pricing model and potential changes - GitLab's pricing model remains user-based, with a focus on productivity rather than compute costs [34] - The company is not planning to shift to usage-based pricing, as its value proposition lies in making developers more efficient [34] Question: Contribution of Duo Pro and Duo Enterprise to FY 2025 guidance - Early adoption of Duo Pro and Duo Enterprise is promising, but the full impact is expected in future fiscal years [93] - The company has included the potential contribution of these products in its FY 2025 guidance but has not broken out specific numbers [65] Question: RPO growth and seasonality - RPO growth was impacted by seasonality, with Q4 being the strongest quarter and Q1 the weakest [42] - The company remains confident in its visibility and growth trajectory [42] Question: Free cash flow drivers and seasonality - Strong Q1 free cash flow was driven by strong collections from Q4 and lower spending [83] - Seasonality will continue to impact cash flow, with Q1 being stronger due to Q4 collections [85] Question: Competitive positioning with AI features - GitLab believes its AI features, particularly in security and integration, give it a competitive edge [62] - The company is focused on replacing point solutions and integrating AI across the software development lifecycle [62][76] Question: Hiring trends and developer productivity - The company has not observed significant changes in hiring trends, with seat expansion remaining stable [69] - GitLab's AI features are expected to drive productivity gains, particularly in coding and security [75][76]