GitLab reported first-quarter fiscal 2027 non-GAAP earnings of 23 cents per share, beating the Zacks Consensus Estimate of 20 cents by 15%. Total revenues were 264.2 million dollars, up 23% year over year and topping the consensus mark of 254 million dollars. Subscription revenues rose 18% to 239.3 million dollars, while license and other revenues increased 25% to 24.9 million dollars. The company raised its full-year revenue guidance to between 1.112 billion and 1.118 billion dollars. Shares have added about 1.9% since the last earnings report, outperforming the S&P 500.
Gitlab IncGitLab beat earnings estimates and raised full-year revenue guidance.
Snowflake Inc.