TECH - GitLab Q1 Earnings: Revenue Beat EPS Beat Raised Guidance And More | Benzinga
GitLab Inc (NASDAQ:GTLB) reported first-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter.
Q1 Earnings: GitLab reported first-quarter revenue of $169.187 million, beating analyst estimates of $165.887 million. The company reported first-quarter adjusted earnings of 3 cents per share, beating analyst estimates for a loss of 4 cents per share, according to Benzinga Pro.
Revenue was up 33% on a year-over-year basis. Customers with more than $5,000 of ARR increased to 8,976, up 21% year-over-year. Customers with more than $100,000 of ARR increased to 1,025, up 35% year-over-year.
GitLab reported operating cash flow of $38.1 million in ...