GitLab Q1 Adjusted Earnings, Revenue Rise; Q2 Guidance Set

MT Newswires Live

Jun 03

GitLab (GTLB) reported Tuesday Q1 adjusted earnings of $0.23 per diluted share, up from $0.17 a year earlier.

Analysts polled by FactSet expected $0.21.

Revenue for the quarter ended April 30 was $264.2 million, up from $214.5 million a year ago.

Analysts surveyed by FactSet expected $254.2 million.

Company expects fiscal Q2 non-GAAP diluted earnings of $0.17 to $0.18 per share on revenue of $272 million to $274 million.

Analysts surveyed by FactSet expect $0.19 on revenue of $273.2 million.

The company expects fiscal 2027 non-GAAP diluted earnings of $0.79 to $0.82 per share on revenue of $1.11 billion to $1.12 billion, up from prior guidance of $0.76 to $0.80 per share on revenue of $1.10 billion to $1.12 billion.

Analysts polled by FactSet expect $0.80 on revenue of $1.11 billion.

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