Gitlab reports surprise profit and nudges full-year forecasts higher

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Gitlab reports surprise profit and nudges full-year forecasts higher
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Shares of Gitlab Inc. rallied after hours on Tuesday after the company, whose platforms help businesses with software development, reported a surprise...

Shares of Gitlab Inc.

rallied after hours on Tuesday after the company, whose platforms help businesses with software development, reported a surprise second-quarter adjusted profit and offered up a slightly more upbeat full-year outlook. The company said it expected full-year revenue of $555 million to $557 million, compared with an outlook for $541 million to $543 million given in June.

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