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.
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On April 25, 2023, GitLab (NASDAQ: GTLB) announced a Zoom video conference set for May 3, 2023, at 08:00am PT / 11:00am ET. During this conference, management will outline GitLab's strategy regarding AI and its product roadmap, addressing customer pain points. No financial data will be presented in this session. CEO Sid Sijbrandij will lead the discussion, which aims to inform stakeholders about the company’s direction in integrating AI into its offerings. Interested participants can register via GitLab's website. An archived replay of the conference will also be available on GitLab's Investor Relations page. GitLab is recognized as a leading DevSecOps platform, trusted by over 30 million users.
GitLab has released its 7th annual Global DevSecOps Report highlighting key trends in software development security. The survey, conducted in March 2023 with over 5,000 IT leaders, noted a shift towards incorporating security early in the development lifecycle. Key findings reveal:
- 71% of security experts now capture vulnerabilities, up from 53% in 2022.
- AI and ML are increasingly being adopted, with 65% of developers planning to use these technologies within three years.
- 66% of respondents wish to consolidate their toolchains due to productivity barriers.
Despite challenges, especially within the U.S. public sector where software deployment rates have plateaued, over half of government participants are considering DevSecOps solutions in the near future.
GitLab Inc. has partnered with Oracle Corporation to enhance AI and ML capabilities through GPU-enabled GitLab runners on Oracle Cloud Infrastructure (OCI). This collaboration aims to aid developers by expediting model training and inference, making software delivery faster and more cost-effective. GitLab reports a significant rise in AI/ML adoption, with 24% of users adopting these technologies, projected to reach 65% in the next three years. The new offering optimizes AI/ML workloads, improving performance, scalability, and security, while ensuring seamless integration with existing GitLab instances. This strategic move positions GitLab to capitalize on the increasing demand for AI/ML applications and supports customers in building secure, high-performance DevOps environments.
GitLab Inc. (NASDAQ: GTLB) reported a strong fourth quarter for fiscal year 2023, with revenue reaching $122.9 million, a 58% increase year-over-year. The company experienced a 68% revenue growth for the entire fiscal year, totaling $424.3 million. While GAAP net loss per share improved to $(0.26) from $(0.32) year-over-year, the GAAP operating margin stood at (38)%. GitLab saw growth in customers with over $5,000 in annual recurring revenue (ARR) up 52% to 7,002. The company is optimistic about future growth, forecasting Q1 FY 2024 revenue between $117.0 million and $118.0 million.
GitLab Inc. (NASDAQ: GTLB) has announced its plans to release financial results for the fourth quarter and fiscal year 2023 on March 13, 2023, after U.S. markets close. The results will cover the period ending on January 31, 2023.
A Zoom video conference and earnings webcast will follow at 4:30 p.m. EST to discuss the findings. Interested participants can register via the provided links. Archived materials, including a replay and transcript, will be available afterward on GitLab's Investor Relations website.
GitLab strengthens security assurance at the highest international standard
GitLab has enhanced its security certification portfolio, achieving a SOC 2 Type 1 report for GitLab Dedicated and expanding its SOC 2 Type 2 report for GitLab.com to include Availability criteria. The company added GitLab Dedicated to its ISO/IEC 27001:2013 certification scope and expanded certification against ISO/IEC 27017:2015 for cloud security and ISO/IEC 27018:2019 for privacy. This commitment to international compliance aims to enhance customer trust and security for both small businesses and large enterprises. GitLab continues to invest in its security and compliance programs.