GTLB - GitLab reaffirms Q2 annual guidance after naming new CRO

2023-07-18 16:25:01 ET

• GitLab ( NASDAQ: GTLB ) confirmed its second-quarter and annual guidance on Tuesday after it named Chris Weber as its new Chief Revenue Officer.
• For the second-quarter, GitLab ( GTLB ) said it expects to lose between 2 and 3 cents on an adjusted basis, with sales between $129M and $130M.
• For the full-year, the DevOps company expects to lose between 14 and 18 cents per share, excluding one-time items, with sales forecast to be between $541M and $543M.
• GitLab ( GTLB ) shares fell slightly less than 2% in extended-hours trading following the news.
• Weber joins GitLab ( GTLB ) from Microsoft ( MSFT ), where he was corporate vice president, worldwide commercial business. He succeeds Michael McBride, who will remain with the company until August 1 to help with the transition.

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