GitLab Inc. reports developments tied to its DevSecOps platform, which is delivered as a single application across the software development lifecycle. News commonly covers GitLab Duo Agent Platform, agentic AI features for code review, security remediation, pipeline setup and delivery analytics, as well as GitLab Credits and usage-based access to AI capabilities.
Company updates also address integrations with cloud and foundation-model providers, including enterprise controls for compliance, audit logging, data residency and access management. Other recurring themes include financial results, capital allocation, partner programs such as managed service providers, and investor conference participation for the NASDAQ-listed software company.
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.
GitLab Inc. (NASDAQ: GTLB) reported a 58% year-over-year revenue growth for Q3 FY 2022, totaling $66.8 million. The company's Dollar-Based Net Retention Rate exceeded 130%. GitLab's CEO highlighted the growing adoption of its DevOps platform, which is set to benefit from a large addressable market. Despite increased revenue, GitLab also reported a GAAP net loss of $41.2 million for the quarter. Looking ahead, the guidance for Q4 FY 2022 projects revenues between $69.5 million and $70.5 million.