Gitlab (GTLB) reported fiscal Q3 non-GAAP net income late Thursday of $0.23 per diluted share, up from $0.09 a year earlier.
Analysts surveyed by FactSet expected $0.16.
Revenue for the quarter ended Oct. 31 was $196 million, up from $149.7 million a year earlier. Analysts polled by FactSet expected $187.9 million.
The company said it expects fiscal Q4 non-GAAP EPS of $0.22 to $0.23 on revenue of $205 million to $206 million. Analysts expect EPS of $0.14 on revenue of $204.4 million.
GitLab now expects fiscal 2025 non-GAAP EPS of $0.63 to $0.64 on revenue of $753 million to $754 million. It previously projected EPS of $0.45 to $0.47 on revenue of $742 million to $744 million. Analysts expected EPS of $0.47 on revenue of $744.1 million.
Separately, the company said it appointed Bill Staples as chief executive, effective immediately.
Staples will succeed co-founder and CEO Sid Sijbrandij, who will become executive chair of the board.
Shares of the company were up nearly 8% in after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.