Summary by Moomoo AI
On June 3, 2024, GitLab Inc. reported its financial results for the first fiscal quarter of 2025, which ended on April 30, 2024. The company announced a 33% year-over-year increase in total revenue, reaching $169.2 million. GitLab also experienced significant expansion in both GAAP and Non-GAAP operating margins and reported operating cash flow of $38.1 million and Non-GAAP adjusted free cash flow of $37.4 million. GitLab's CEO, Sid Sijbrandij, highlighted the company's AI-driven software innovations and the value customers find in their end-to-end DevSecOps platform. CFO Brian Robins emphasized the strong top-line growth and the company's achievement of positive first-quarter cash flow for the first time. GitLab also announced a conference call to discuss these financial results...Show More
