(Boursier.com) — GitLab , the AI-powered DevSecOps platform, corrects 4% before market on Wall Street following a widely appreciated financial publication. The group nevertheless exceeded expectations in the first fiscal quarter, posting adjusted earnings per share of 3 cents over the period, compared to a consensus loss of 4 cents per share and a deficit of 6 cents per share a year before. Quarterly revenue was $169 million, beating consensus by 2%. They stood at $127 million over the corresponding period last year. Thus, revenues increased by 33% year-on-year. Adjusted free cash flow was 37.4 million for the closed period. For the second fiscal quarter, the group envisages revenues ranging from 176 to 177 million dollars – in line with expectations -, for an adjusted EPS ranging from 9 to 10 cents – higher than the consensus (5 cents). For the financial year, revenues are expected between 733 and 737 million, while adjusted EPS is expected between 34 and 37 cents.
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