GitLab Raises FY25 Revenue Outlook From $725M - $731M To $733M - $737M (Est $731.672M), Adj EPS From $0.19 - $0.23 To $0.34 - $0.37 (Est $0.21)
Portfolio Pulse from Benzinga Newsdesk
GitLab has raised its fiscal year 2025 revenue outlook from $725M-$731M to $733M-$737M, and adjusted EPS from $0.19-$0.23 to $0.34-$0.37. This update comes after completing the fiscal year 2025 SSP allocation analysis, which resulted in a $4 million headwind to revenue guidance. Despite this, the company has increased its guidance due to first-quarter top-line outperformance.
June 03, 2024 | 8:12 pm
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GitLab has raised its fiscal year 2025 revenue outlook to $733M-$737M and adjusted EPS to $0.34-$0.37, despite a $4 million headwind from SSP analysis. This positive revision is driven by first-quarter top-line outperformance.
The increase in revenue and EPS guidance, despite a $4 million headwind, indicates strong performance and positive future prospects for GitLab. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100