Latest news with #GitLabDedicated
Business Insider
a day ago
- Business
- Business Insider
GitLab signs three-year collaboration agreement with Amazon Web Services
GitLab (GTLB) announced that it has signed a three-year, strategic collaboration agreement with Amazon (AMZN) Web Services. The agreement expands access to GitLab Dedicated, a single-tenant offering that enables organizations in highly regulated industries and the public sector to leverage cloud infrastructure while meeting complex compliance requirements, including data residency, isolation, and private networking. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
12-06-2025
- Business
- Yahoo
Gitlab Shares Fall Despite Q1 Earnings Beat, Revenues Up Y/Y
GitLab GTLB reported first-quarter fiscal 2026 non-GAAP earnings of 17 cents per share, beating the Zacks Consensus Estimate by 13.33%. The company reported earnings of 3 cents per share in the year-ago revenues of $214.4 million beat the consensus mark by 0.91% and rallied 27% year over year. The upside can be attributed to strong demand for its DevSecOps shares dropped 13.01% in pre-market trading due to mounting competition in AI code generation and lingering public sector uncertainty. Subscriptions, self-managed and SaaS (90.7% of total revenues) revenues increased 28.6% year over year to $194.5 million, beating the Zacks Consensus Estimate by 3.33%. License, self-managed and other revenues (9.3% of total revenues) rose 11.2% year over year to $20 revenues contributed 30% to total revenues and surged 35% year over year, driven by the strong adoption of GitLab Dedicated, AI integration and expanding customer engagement. GitLab Inc. price-consensus-chart | GitLab Inc. Quote Customers with more than $5K of Annual Recurring Revenue (ARR) increased to 10,104, up 13% year over year. Customers with more than $100K of ARR increased to 1,288, up 26% year over year, demonstrating GTLB's ability to attract and retain large enterprise dollar-based Net Retention Rate was 122% in the reported Remaining Performance Obligation (RPO) surged 40% year over year to $955.1 million. The current RPO increased 34% to $584.8 the reported quarter, GitLab announced the general availability of GitLab 18, featuring major innovations across core DevOps workflows, security and compliance, and AI capabilities natively integrated into the platform. The company also announced the general availability of GitLab Duo with Amazon Q for Ultimate self-managed customers on AWS and achieved FedRAMP Moderate Authority to Operate for GitLab Dedicated for Government, under the sponsorship of the GSA. On a non-GAAP basis, research & development expenses increased 22.3% year over year to $51.1 million. Sales and marketing expenses were up 15.1% to $85.5 million. General and administrative expenses declined 25.3% to $30.7 million in the reported income was $26.1 million on a non-GAAP basis compared with the year-ago quarter's loss of $3.8 million. As of April 30, 2025, cash and cash equivalents and short-term investments were $11.05 billion compared with $9.92 billion as of Jan. 31, the reported quarter, the company generated a cash flow from the operation of $106.3 million compared with an operating cash outflow of $63.2 million in the previous of April 30, 2025, the adjusted free cash flow was $104.1 million compared with $62.1 million as of Jan. 31, 2025. For the second quarter of fiscal 2026, GitLab expects revenues between $226 million and $227 million, indicating approximate growth of 24% year over year. The Zacks Consensus Estimate for revenues is currently pegged at $225.27 operating income is expected to be in the range of $23-$24 million for the fiscal second fiscal second quarter earnings are expected to be between 16 cents per share and 17 cents per share. The consensus mark for the same is pinned at 15 cents per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)For fiscal 2026, GitLab expects revenues between $936 million and $942 million, indicating growth of approximately 24% year over year. The Zacks Consensus Estimate for the same is pegged at $936.51 operating income is expected to be in the range of $117-$121 million for fiscal 2026. Non-GAAP earnings are expected to be between 74 cents per share and 75 cents per share. The consensus mark for fiscal 2026 earnings is pinned at 70 cents per share. Currently, Gitlab has a Zacks Rank #2 (Buy).Karooooo KARO, Amphenol APH and Pegasystems PEGA are some other top-ranked stocks in the broader Zacks Computer & Technology Amphenol and Pegasystems sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today's Zacks #1 Rank stocks shares have appreciated 32.8% in the year-to-date (YTD) period. The Zacks Consensus Estimate for KARO's fiscal 2026 earnings has been revised upward by 2 cents to $1.82 in the past 30 days, suggesting year-over-year growth of 11.66%.Amphenol shares have returned 33.2% YTD. The Zacks Consensus Estimate for APH's 2025 earnings is pegged at $2.66 per share, up by a penny over the past 30 days, suggesting a growth of 40.74%.PEGA shares have gained 8.7% YTD. The Zacks Consensus Estimate for PEGA's 2025 earnings is pegged at $3.61 per share, implying a rise of 19.14% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amphenol Corporation (APH) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report Karooooo Ltd. (KARO) : Free Stock Analysis Report GitLab Inc. (GTLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
GitLab to Report Q1 Earnings: What's in Store for the Stock?
GitLab GTLB is set to release its first-quarter fiscal 2026 results on June 10, 2025. The company expects first-quarter fiscal 2026 revenues between $212 million and $213 million, indicating 25-26% year-over-year growth. Non-GAAP earnings are anticipated to be between 14 cents per share and 15 cents per share. The Zacks Consensus Estimate for first-quarter fiscal 2026 revenues is pegged at $212.52 million, indicating an increase of 25.61% from the year-ago quarter's reported figure. The consensus mark for earnings has remained unchanged at 15 cents per share over the past 30 days. GitLab reported earnings of 3 cents per share in the year-ago quarter. GitLab Inc. price-eps-surprise | GitLab Inc. Quote GTLB beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average earnings surprise of 78.06%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Let us see how things might have shaped up for the upcoming announcement. GitLab's first-quarter fiscal 2026 performance is expected to have benefited from ongoing investments in innovation across its core DevOps platform, security and AI-driven solutions. The company's focus on enhancing product value through GitLab Duo Enterprise and Duo Workflow, both of which entered private beta in the fourth quarter of fiscal 2025, is noteworthy. The continued expansion of GitLab Dedicated is likely to have been a contributing factor to the first quarter's top-line growth. GitLab Dedicated grew nearly 90% year over year in the prior quarter and is expected to have remained attractive for customers seeking a single-tenant SaaS experience. Given the increasing demand for secure, scalable DevSecOps platforms, GitLab Dedicated is likely to have helped sustain revenue momentum in the to-be-reported quarter. GitLab's growing customer base, which includes Delta AirLines DAL, NatWest Group, Alphabet GOOGL and Amazon AMZN, is likely to have driven growth during the first quarter. Delta AirLines' partnership with GitLab has been noteworthy through GTLB's Ultimate platform. Enhancing the collaboration, Delta AirLines further adopted GitLab Dedicated to address the increasing complexity of modern software delivery. This move is expected to have contributed to greater product adoption and recurring revenues for GitLab's quarter under review. NatWest Group expanded its use of GitLab Ultimate and GitLab Dedicated, reflecting rising demand for secure, single-tenant SaaS solutions that support compliance in highly regulated sectors. These client expansions underscore growing enterprise traction, likely aiding revenue momentum in the to-be-reported quarter. GitLab launched a collaborative AI-powered DevSecOps solution with Amazon Q, which entered beta in January. This integrated offering is designed to enhance the developer experience by combining GitLab's platform capabilities with autonomous AI agents from Amazon Web Services. Such tie-ups are expected to have a positive impact on GitLab's customer engagement and adoption for the first quarter of fiscal 2026. GitLab has continued its collaboration with Alphabet's Google Cloud platform to extend its reach and functionality, reinforcing its positioning in the cloud ecosystem. By leveraging Alphabet's advanced cloud infrastructure and AI capabilities, GitLab aims to enhance the scalability and intelligence of its DevSecOps offerings. Such initiatives are likely to have increased customer engagement and accelerated the adoption of GitLab for the first quarter of fiscal 2026. GitLab currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report GitLab Inc. (GTLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
