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00:02GitLab topped analyst estimates in its fiscal second quarter and raised its full year earnings
00:08and revenue outlook, according to Benzinga. Fiscal second quarter adjusted earnings came
00:13in at $0.24 per share on revenue of $286.25 million, beating analyst estimates of $0.18
00:20per share and $273.12 million respectively. Revenue increased from $235 to $96 million
00:28a year earlier. Customers generating more than $100,000 in annual recurring revenue rose 17%
00:34to $1,051, while total remaining performance obligations increased 16% to $1.2 billion.
00:41GitLab raised its fiscal 2027 adjusted earnings outlook to between $0.85 and $0.87 per share,
00:48above the $0.81 analyst estimate. The company also raised its revenue forecast to between $1.129
00:55billion and $1.133 billion compared with the $1 to $12 billion estimate. Shares rose 20.2%
01:01to $54.20 in Tuesday's extended trading, according to data from Benzinga Pro.
01:06For all things money, visit Benzinga.com.
