GitLab reported strong fiscal first quarter 2027 results with total revenue rising 23% year-over-year to $264.2 million, while also announcing a strategic restructuring that includes a 14% workforce reduction and an exit from 22 countries. The company improved its non-GAAP operating margin to 14% and generated $146.7 million in non-GAAP adjusted free cash flow. GitLab provided a revenue outlook of $1.112 billion to $1.118 billion for fiscal year 2027. The restructuring is expected to incur approximately $30 million to $35 million in pre-tax charges as the company realigns toward its core strategic priorities.
Gitlab IncGitLab reported 23% revenue growth, improved margins, and strong free cash flow, with a positive FY2027 outlook.
Palantir Technologies Inc.