GitLab's Q3 Earnings: Strong Growth, Public Sector Challenges

GitLabs Q3 earnings show robust growth, with revenue up 24.6% and profit per share exceeding estimates. However, investors concerns about a slowdown in spending by existing customers and challenges in the US public sector led to a negative market reaction. Despite this, GitLab remains optimistic about its new Duo Agent platform, which will enable usage-based pricing and drive future growth. The company is also bolstering its sales team to attract more large enterprise customers, acknowledging that this will take time.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.