GitLab Inc. (NASDAQ:GTLB) shares are trading higher in the after-hours session after the company reported second-quarter earnings.
What To Know:
"GitLab's strong quarter is a result of our focus on creating a differentiated and innovative DevSecOps platform and executing on a strong go-to-market motion," said Sid Sijbrandij, GitLab CEO and co-founder.
"In addition, Gartner and Forrester recognized GitLab as a category leader, which is an important milestone for the company and signals the shift from point solutions to platforms. We believe that our rapid pace of product innovation and strong customer demand position us to capture a greater share of the estimated $40 billion total addressable market opportunity."
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GTLB Price Action: Shares of GTLB were up 4.14% at $51.80 in the after-hours session at the time of publication, according to Benzinga Pro.
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