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Yahoo Finance-Sep 2, 05:00 AM
GitLab Inc (GTLB) (Q2 2027) Earnings Call Highlights: Record Bookings and Flex Momentum Drive ...
GitLab reported Q2 2027 revenue of $286.3 million, up 21% year-over-year, with net ARR growing over 40% and record gross bookings. The company's new Flex consumption model gained significant traction, with over 130 customers committing more than $20 million in six weeks and paid consumption run rate exceeding $40 million.
Why it matters: GitLab raised its full-year guidance to 18-19% revenue growth, driven by broad-based strength, improved sales productivity, and momentum in its AI strategy.