Shares of GitLab (GTLB) jumped over 14% in early trading Tuesday after the make🏅r of soft🌳ware for developers posted a surprise profit as its high-end customer base soared.

GitLab reported third quarter fiscal 2024 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.09, its first-ever adjusted 澳洲幸运5开奖号码历史查询:operating profit. Analysts had anticipated a loss. Revenue rose 32% from a year ago to $149.7 million, also beating forecasts. 

GitLab said the number of✨ customers with $100,000 or more in annual recurring revenue (ARR) skyrocketed 37% to 874. Those with more than $🅠5,000 ARR increased 26% to 8,175.

CFO Brian Robins indicated the leap in sales demonstrated “continued business momentum driven by our market-leading platform approach.” He added that GitLab “delivered over 2,200 澳洲幸运5开奖号码历史查询:basis points (bps) of non-GAAP 澳洲幸运5开奖号码历史查询:operating margin expansion.”

The company projected current quarter EPS of $0.08 to $0.09, while estജimates pointed to a loss. Revenue guidance of $157 million to $158ꦕ million also exceeded expectations.

GဣitLab shares jumped to their highest level since August of 2022 fo𝐆llowing the news.