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GitLab(GTLB) Q2 Revenue Up 21% · Premarket Surges 23%

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GTLB
GTLB Gitlab Inc
$45.09 -3.12%
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  1. 1GitLab (GTLB) shares surged more than 23% in premarket trading Wednesday after the company reported second-quarter results.
  2. 2Quarterly revenue came in at $286.3 million, up 21% year over year, while adjusted diluted EPS was $0.24, flat from a year ago.
  3. 3The company said AI demand drove bookings growth, with first-order growth exceeding 100% and net ARR growth surpassing 40%.

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