GitLab Reports Third Quarter Fiscal Year 2023 Financial Results
Quarterly revenue of $113.0 million, up 69% year-over-year
“Companies cannot afford to slow down their software innovation,” said Sid Sijbrandij, GitLab CEO and Co-Founder. “In today's turbulent economic climate, they are turning to solutions like GitLab to reduce costs, drive efficiencies, fuel a fast pace of innovation, and meet customer demands. Our Q3 business results demonstrate GitLab’s value proposition as a mission critical DevSecOps platform for software innovation is resonating.”
“Our third quarter results continue to demonstrate our ability to drive high growth with improving margins,” said Brian Robins, GitLab CFO. “Revenue of $113.0 million grew 69% organically, and our non-GAAP operating margin improved by approximately 1,700 basis points year-over-year. Our dollar-based net retention rate again exceeded our reporting threshold of 130%, which we believe remains best in class and consistent with our track record as a public company.”
For the full press release, visit GitLab's Investor Relations site.
See what your team can do with a single platform for software delivery.
Get free trialWhen you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
Cookie Policy
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, enabling you to securely log into the site, filling in forms, or using the customer checkout. GitLab processes any personal data collected through these cookies on the basis of our legitimate interest.
These cookies enable helpful but non-essential website functions that improve your website experience. By recognizing you when you return to our website, they may, for example, allow us to personalize our content for you or remember your preferences. If you do not allow these cookies then some or all of these services may not function properly. GitLab processes any personal data collected through these cookies on the basis of your consent
These cookies allow us and our third-party service providers to recognize and count the number of visitors on our websites and to see how visitors move around our websites when they are using it. This helps us improve our products and ensures that users can easily find what they need on our websites. These cookies usually generate aggregate statistics that are not associated with an individual. To the extent any personal data is collected through these cookies, GitLab processes that data on the basis of your consent.
These cookies enable different advertising related functions. They may allow us to record information about your visit to our websites, such as pages visited, links followed, and videos viewed so we can make our websites and the advertising displayed on it more relevant to your interests. They may be set through our website by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant advertisements on other websites. GitLab processes any personal data collected through these cookies on the basis of your consent.