TradingKey – GitLab (GTLB) saw a strong market reaction after reporting its second-quarter fiscal 2027 financial results. Both revenue and adjusted profit exceeded market expectations, sending its stock up more than 24% in pre-market trading on September 2. As of press time, GTLB was still up over 14% intraday.
[Source: TradingView]
Revenue Up 21% YoY, Non-GAAP Operating Margin Reaches 15%
For the second quarter of fiscal 2027 ended July 31, GitLab’s revenue was $286.3 million, up 21% year-over-year; Non-GAAP operating income was $42.6 million, with an operating margin of 15%; and Non-GAAP diluted earnings per share was $0.24.
The market had previously expected GitLab’s revenue to be approximately $273.3 million and adjusted EPS to be…
