GitLab jumps 17% following Q3 beat & guidance raise
GitLab (GTLB) shares surged more than 17% after-hours today following the company’s reported Q3 results, with EPS of $0.09 coming in better than the consensus estimate of ($0.01). Revenue was $149.7 million, beating the consensus estimate of $141.53M.
“Revenue grew 32% year-over-year, which demonstrates continued business momentum driven by our market-leading platform approach. We continue to grow responsibly and delivered over 2,200 basis points of non-GAAP operating margin expansion,” said CFO Brian Robins.
Customers with more than $5,000 of ARR grew to 8,175, representing a 26% year-over-year growth. Meanwhile, customers with more than $100,000 of ARR increased to 874, up 37% year-over-year.
For Q4/24, the company expects EPS in the range of $0.08-$0.09, compared to the consensus of ($0.01), and revenue in the range of $157-$158M, compared to the consensus of $150.24M.
For the full year, the company sees EPS at $0.12-$0.13, compared to the consensus of ($0.06), and revenue at $573-$574M, compared to the consensus of $558.14M.
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