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. (NASDAQ: GTLB) is an all-remote company that provides what it describes as the most comprehensive, intelligent DevSecOps platform for software innovation. This news page aggregates Business Wire and other disclosures where GitLab reports on its financial performance, leadership changes, product developments, and AI strategy.
Recent news releases highlight GitLab’s focus on AI-native DevSecOps, including the GitLab Duo Agent Platform, which brings agentic AI capabilities into the GitLab platform for human-AI collaboration across the software development lifecycle. The company also reports third-party recognition, such as being named a Leader in the Gartner Magic Quadrant for AI Code Assistants, and discusses enhancements to application security and workflow automation.
Investors and technology professionals can use this feed to follow GitLab’s quarterly financial results, non-GAAP financial measures, operating metrics like annual recurring revenue and dollar-based net retention rate, and updates on strategic collaborations, such as its three-year strategic collaboration agreement with Amazon Web Services to expand access to GitLab Dedicated for regulated industries and the public sector.
GitLab also issues news about executive appointments, including roles such as Chief Financial Officer, Chief Technology Officer, Chief Product and Marketing Officer, and Chief Information Officer, along with participation in technology and investor conferences. Bookmark this page to monitor the latest official announcements that explain how GitLab is evolving its DevSecOps and AI capabilities and how those developments relate to its GTLB stock and broader business trajectory.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
FAQ
What is the current stock price of Gitlab (GTLB)?
What is the market cap of Gitlab (GTLB)?
