Shares of GitLab Inc.
were surging nearly 20% in after-hours trading Monday after the company, which helps businesses with software development, topped expectations with its latest financials. GitLab posted a fiscal first-quarter net loss of $52.9 million, or 35 cents a share, compared with a loss of $26.1 million, or 18 cents a share, in the year-earlier period. On an adjusted basis, GitLab lost 6 cents a share, while analysts were expecting an 14-cent loss per share. Revenue increased to $126.9 million from $87.
were surging nearly 20% in after-hours trading Monday after the company, which helps businesses with software development, topped expectations with its latest financials. GitLab posted a fiscal first-quarter net loss of $52.9 million, or 35 cents a share, compared with a loss of $26.1 million, or 18 cents a share, in the year-earlier period. On an adjusted basis, GitLab lost 6 cents a share, while analysts were expecting an 14-cent loss per share. Revenue increased to $126.9 million from $87.