GTLB - GTLB rises 10% on Q1 earning beat retention rate above 130%

Gitlab (NASDAQ:GTLB) shares are surging 10.7% PM after topping Q1 estimates. Revenue was $87.4M, a 75% jump Y/Y. GAAP operating margin of (49)%; Non-GAAP operating margin of (28)% GAAP net loss per share of $0.18; Non-GAAP net loss per share of $0.18 Dollar-based net retention rate above 130%. Customers with more than $5,000 of ARR increased to 5,168, up 64% from Q1 of fiscal year 2022. Customers with more than $100,000 of ARR increased to 545, up 68% from Q1 of fiscal year 2022. Q2 guidance: Revenue of $93.5M to $94.5M vs consensus of $94.13; Non-GAAP operating loss $34M to $33M; Non-GAAP EPS -$0.24 to -$0.23 vs. consensus -$0.23. FY guidance: Revenue of $398M to $402M vs consensus of $400.77; Non-GAAP operating loss $130.5M to $127.5M; Non-GAAP EPS -$0.93 to -$0.89 vs. consensus -$0.90.  “While accelerating revenue growth, we were also able to show significant operating leverage. Underpinning this acceleration in growth was

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GTLB rises 10% on Q1 earning beat, retention rate above 130%