GitLab Inc's Q3 FY 2024 Revenue Surges, Boosting Investor Confidence
GitLab Inc reported a 32% year-over-year increase in quarterly revenue, reaching $149.7 million. The company achieved a non-GAAP net income per share of $0.09 and saw strong customer growth, with a 26% increase in customers contributing more than $5,000 in ARR and a 37% increase in customers with more than $100,000 in ARR. GitLab Inc expects revenue for the fourth quarter and fiscal year 2024 to be between $157.0 million to $158.0 million and $573.0 million to $574.0 million, respectively. The company continues to focus on expanding its customer base and enhancing its DevSecOps platform.