Reported 18 days ago
GitLab appointed Bill Staples as its new CEO and exceeded Wall Street's expectations for its third-quarter earnings. The company reported earnings of 23 cents per share on revenue of $196 million, prompting analysts to update their price targets upwards, with Bernstein raising it to $78 and Cantor Fitzgerald to $80. Staples, a seasoned executive previously from New Relic, highlighted the company’s potential in enhancing software development experiences amidst the ongoing AI transformation.
Source: YAHOO