Latest news with #AmazonQ
Techday NZ
3 days ago
- Business
- Techday NZ
NiCE & AWS deepen AI partnership to power CX automation
NiCE has announced an expansion of its collaboration with Amazon Web Services (AWS) to drive intelligent automation through its CXone Mpower platform, introducing enhanced integration with various AWS artificial intelligence (AI) offerings. The collaboration aims to accelerate the deployment and scaling of AI-powered customer service solutions by combining NiCE's customer service automation expertise and interaction data with AWS's cloud and AI technology. The effort is focused on enabling end-to-end automation across enterprises using NiCE's CXone Mpower solution and AWS services like Amazon Bedrock, Amazon Q, and Amazon SageMaker. Expanded integration NiCE and AWS are integrating generative AI services across the CXone Mpower platform to enable automation throughout enterprise workflows. The initiative covers several use cases, including automated AI agent creation, intelligent workflow orchestration and real-time AI-supported guidance for employees. With the integration, Mpower Agents will allow businesses to deploy AI agents instantly and without coding or prompt engineering, tailored to each organisation's specific needs. Using Amazon Q index, these agents access the latest policy, product and case information for accurate responses. Training on rich customer experience data is enabled through Amazon SageMaker, ensuring continuous learning from best practices and high-performing interactions. The platform also features CXone Mpower Orchestrator, which integrates with Amazon Q Business to connect enterprise systems, applications and data. This functionality enables more personalised, seamless customer journeys by breaking down operational silos, delivering real-time decisions using the AWS Nova family of large language models for various objectives such as speed, accuracy and business impact. The CXone Mpower Copilot tool supports agents, supervisors and leaders with real-time AI-powered assistance, aiming to streamline tasks and support productivity. AWS's global infrastructure underpins this function, allowing deployments with low latency and high availability across different geographies. Leadership comments NiCE brings decades of deep customer service expertise, rich data and a proven AI-based foundation. AWS brings enhanced scale, infrastructure and generative AI innovation. Together, we're delivering enterprise-wide automation, turning vision into action across the front, middle and back office. Mpower Agents are just one example: AI-powered agents that deploy instantly, adapt in real time and operate with precision at scale. According to Barry Cooper, President of the CX Division at NiCE, the collaboration is designed to deliver broad automation and responsive AI agents that adjust and function efficiently at enterprise scale. Mila D'Antonio, Principal Analyst at Omdia, described the collaboration as an example of complementary capabilities, stating: "This collaboration is a textbook case of complementary strengths coming together: NiCE has the domain depth, the data, and the AI maturity in CX; AWS has the tools, infrastructure, and generative AI firepower. The result is innovation like Mpower Agents that are enterprise-ready, context-aware, and built to scale, delivering automation with both intelligence and impact." Customer reaction Taylor Mobley, Chief Revenue Officer at Bamboo Insurance commented on the partnership's impact: "This collaboration between NiCE and AWS is raising the bar for what's possible with AI in the enterprise. By combining deep expertise with powerful technology, it will help us move faster, work smarter, deliver more value across the board, and ultimately provide a better, more personalised experience for our customers." The director of customer experience at Vera Bradley, Susan Campbell, noted the partnership's ongoing evolution: "We're always excited to see the innovative things we can do with CXone Mpower... and we know CXone Mpower will evolve with us, so we can continue to improve the customer experience—even into the future. I feel like NiCE wants to make us a better version of ourselves. And there aren't a lot of other companies that really invest in thought leadership, especially around how AI will forever change the face of the contact center." AWS perspective Rohan Karmarkar, Managing Director, Partner Solution Architecture at AWS, said the partnership broadens the capabilities available to businesses: "At AWS, we're committed to providing the capabilities to help businesses with AI-powered transformations. By combining Amazon Bedrock, Amazon Q, and our Nova family of LLMs with NICE's CXone Mpower, we're enabling enterprises to deploy intelligent automation that's both powerful and purpose-built for real customer challenges. This collaboration with NICE demonstrates how AWS's generative AI capabilities can help accelerate innovation at scale across customer experience workflows." The announcement follows a trend among enterprise technology providers to incorporate generative AI features in customer experience platforms, seeking to streamline operations, improve accuracy, and personalise customer engagement through scalable technologies.
Business Wire
4 days ago
- Business
- Business Wire
NiCE Advances AWS Strategic Collaboration, Accelerating Agentic AI Across CXone Mpower Platform
BUSINESS WIRE)-- NiCE (Nasdaq: NICE) today announced the next evolution of its strategic relationship with Amazon Web Services, Inc. (AWS), announcing a new collaboration to accelerate a shared vision to innovate the development, deployment and scaling of intelligent AI-powered solutions purpose-built for end-to-end customer service automation. Together, NiCE and AWS bring improved enterprise capabilities combining NiCE's leadership in customer service automation, deep domain expertise, and rich interaction data with the power and scale of AWS Cloud and AI services. Leveraging CXone Mpower and the Amazon Nova family of large language models (LLMs) and services such as Amazon Bedrock, Amazon Q, and Amazon SageMaker, this relationship is transforming business operations, driving intelligent automation at scale, accelerating time-to-value, and delivering measurable impact across the front, middle, and back office. NiCE and AWS will integrate AWS generative AI services across the CXone Mpower platform, delivering intelligent automation that spans every corner of the enterprise. This will unlock enterprise-wide value through the following high-impact use cases: Simplifying AI agent creation with content-aware automation: Mpower Agents generate intelligent AI agents instantly, no code or prompts required—tailored to each business's needs. With Amazon Q index, agents act on the most current policies, product info, and case history to ensure accurate, compliant outcomes. Integration with Amazon SageMaker allows training on rich CX data, letting agents be built from and continuously learn from patterns and top-performers. The result is smarter, faster automation at scale that embodies best practices in customer interaction and process execution. Driving end-to-end enterprise automation with intelligent orchestration: CXone Mpower Orchestrator automates workflows across the front, middle, and back office, eliminating silos and optimizing operations. By integrating with Amazon Q Business, Orchestrator connects a wider range of systems, applications, and data allowing seamless, personalized and unified customer journeys. Support for the Amazon Nova family of models delivers real-time decisions at key moments with model selection tuned for speed, accuracy, and business impact. Empowering global teams with AI augmentation: CXone Mpower Copilot delivers real-time, AI-powered guidance and task support for agents, supervisors and leaders to streamline tasks, boost productivity and support better decision-making across the enterprise. AWS enhances this capability with globally distributed infrastructure, allowing fast, scalable deployment with low latency and high availability anywhere in the world. "NiCE brings decades of deep customer service expertise, rich data and a proven AI-based foundation. AWS brings enhanced scale, infrastructure and generative AI innovation," said Barry Cooper, President, CX Division, NiCE. "Together, we're delivering enterprise-wide automation, turning vision into action across the front, middle and back office. Mpower Agents are just one example: AI-powered agents that deploy instantly, adapt in real time and operate with precision at scale." 'This collaboration is a textbook case of complementary strengths coming together: NiCE has the domain depth, the data, and the AI maturity in CX; AWS has the tools, infrastructure, and generative AI firepower,' said Mila D'Antonio, principal analyst, Omdia. 'The result is innovation like Mpower Agents that are enterprise-ready, context-aware, and built to scale, delivering automation with both intelligence and impact.' 'This collaboration between NiCE and AWS is raising the bar for what's possible with AI in the enterprise. By combining deep expertise with powerful technology, it will help us move faster, work smarter, deliver more value across the board, and ultimately provide a better, more personalized experience for our customers,' said Taylor Mobley, Chief Revenue Officer, Bamboo Insurance. 'We're always excited to see the innovative things we can do with CXone Mpower… and we know CXone Mpower will evolve with us, so we can continue to improve the customer experience—even into the future,' said Susan Campbell, Director Customer Experience, Vera Bradley. 'I feel like NiCE wants to make us a better version of ourselves. And there aren't a lot of other companies that really invest in thought leadership, especially around how AI will forever change the face of the contact center.' 'At AWS, we're committed to providing the capabilities to help businesses with AI-powered transformations,' shared Rohan Karmarkar, managing director, partner solution architecture at AWS. 'By combining Amazon Bedrock, Amazon Q, and our Nova family of LLMs with NiCE's CXone Mpower, we're enabling enterprises to deploy intelligent automation that's both powerful and purpose-built for real customer challenges. This collaboration with NiCE demonstrates how AWS's generative AI capabilities can help accelerate innovation at scale across customer experience workflows.' About NiCE NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE's platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes. Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: Forward-Looking Statements This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Cooper, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the 'Company'). In some cases, such forward-looking statements can be identified by terms such as 'believe,' 'expect,' 'seek,' 'may,' 'will,' 'intend,' 'should,' 'project,' 'anticipate,' 'plan,' 'estimate,' or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in general economic and business conditions; competition; successful execution of the Company's growth strategy; success and growth of the Company's cloud Software-as-a-Service business; rapid changes in technology and market requirements; the implementation of AI capabilities in certain products and services, decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions or difficulties or effectively integrating acquired operations; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company's dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security incidents; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy; our ability to recruit and retain qualified personnel; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the 'SEC'). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Company's Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
Business Wire
10-06-2025
- Business
- Business Wire
GitLab Reports First Quarter Fiscal Year 2026 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- All-Remote- GitLab Inc. (NASDAQ: GTLB), the most comprehensive, intelligent DevSecOps platform, today reported financial results for its first quarter fiscal year of 2026, ended April 30, 2025. 'First quarter fiscal year 2026 results underscore the power of our AI-native DevSecOps platform to help customers deliver mission-critical software. We're giving every developer the AI-driven edge they need to innovate faster and more efficiently,' said Bill Staples, GitLab chief executive officer. "As AI transforms development practices, our unified platform enables organizations to integrate these capabilities within a framework that helps maintain enterprise controls and deliver the required scalability and security.' 'I am pleased with our team's execution which resulted in 27% revenue growth in the first quarter, significant year-over-year operating margin expansion, and record adjusted free cash flow,' said Brian Robins, GitLab chief financial officer. 'GitLab's platform approach continues to drive momentum across the business, and, with our GitLab 18 release, we offer the most comprehensive, intelligent DevSecOps platform in the market.' First Quarter Fiscal Year 2026 Financial Highlights (in millions, except per share data and percentages): A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled 'Non-GAAP Financial Measures.' Additional Financial Highlights: Customers with more than $5,000 of ARR reached 10,104, an increase of 13% year-over-year. Customers with more than $100,000 of ARR reached 1,288, an increase of 26% year-over-year. Dollar-Based Net Retention Rate was 122%. Total RPO grew 40% year-over-year to $955.1 million, while cRPO grew 34% to $584.8 million. Business Highlights: Announced GitLab 18, including major new innovations across core DevOps workflows, security and compliance processes, and AI capabilities natively integrated into the platform. Announced the general availability of GitLab Duo with Amazon Q, which embeds Amazon Q's autonomous agents directly into the GitLab DevSecOps platform for GitLab Ultimate self-managed customers on Amazon Web Services (AWS). Achieved Authority to Operate status at the Moderate impact level from the Federal Risk and Authorization Management Program (FedRAMP) for GitLab Dedicated for Government under the sponsorship of the General Services Administration (GSA). Named a Leader in the Forrester Wave™: DevOps Platforms, Q2 2025 report. Received the 2025 Google Cloud Technology Partner of the Year Award in the Application Development - DevOps category for the fifth consecutive year. Second Quarter and Fiscal Year 2026 Financial Outlook For the second quarter and fiscal year 2026, GitLab Inc. expects (in millions, except share and per share data): These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below in Non-GAAP Financial Measures. We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP guidance for operating income (loss) and net income (loss) per share to the corresponding GAAP measures is not available. Conference Call Information GitLab will host a conference call today, June 10, 2025, at 1:30 p.m. (PT) / 4:30 p.m. (ET) to discuss its first quarter fiscal year 2026 financial results and its guidance for the second quarter and full fiscal year 2026. Interested parties may register for the call in advance by visiting A live webcast of this conference call will be available on GitLab's investor relations website ( and a replay will also be archived on the website for one year. About GitLab GitLab is the most comprehensive, intelligent DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 50 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster. Non-GAAP Financial Measures GitLab believes non-GAAP measures are useful in evaluating its operating performance. GitLab uses this supplemental information to evaluate its ongoing operations and for internal planning and forecasting purposes. GitLab believes that non-GAAP financial information, when taken collectively with its GAAP financial information, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. We define non-GAAP financial measures as GAAP measures, excluding certain items such as stock-based compensation expense, amortization of acquired intangible assets, foreign exchange (gain) loss, equity method investment loss and impairment, acquisition related expenses, charitable donation of common stock, restructuring charges, a non-recurring income tax adjustment related to bilateral advance pricing agreement ('BAPA') negotiations, non-recurring charges associated with the formation of our GitLab Information Technology (Hubei) Co., LTD Joint Venture in China ('JiHu'), and other expenses that the Company believes are not indicative of its ongoing operations. In addition to these exclusions, effective Q1 FY26 we utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision which reflects the new location of GitLab's intellectual property in the U.S. following the conclusion of our bilateral advance pricing agreements. For FY26, we have determined the projected non-GAAP tax rate to be 22%. Shares used for net income per share on a non-GAAP basis include incremental dilutive shares related to restricted stock units, options, and shares issuable under GitLab Inc.'s 2021 Employee Stock Purchase Plan that are anti-dilutive on a GAAP basis. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business. Adjusted Free Cash Flow Adjusted free cash flow is a non-GAAP financial measure that we calculate as net cash provided by operating activities less cash used for purchases of property and equipment, plus any non-recurring income tax payments related to BAPA or minus any non-recurring income tax refunds related to BAPA, plus any non-recurring payments related to the formation of JiHu. We believe that adjusted free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash generated from our operations that, after the investments in property and equipment, any non-recurring income tax payments or refunds related to BAPA, and any non-recurring payments related to the formation of JiHu, can be used for strategic initiatives, including investing in our business, and strengthening our financial position. One limitation of adjusted free cash flow is that it does not reflect our future contractual commitments. Additionally, adjusted free cash flow does not represent the total increase or decrease in our cash balance for a given period. Forward-Looking Statements This press release and the accompanying earnings call contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although we believe that the expectations reflected in the forward-looking statements contained in this release and the accompanying earnings call are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to the following: our ability to effectively manage our growth; our revenue growth rate in the future; our ability to achieve and sustain profitability, our business, financial condition, and operating results; security and privacy breaches; intense competition in our markets and loss of market share to our competitors; our ability to respond to rapid technological changes; the market for our services may not grow; a decline in our customer renewals and expansions; fluctuations in our operating results; our incorporation of artificial intelligence features into our products; our transparency; our publicly available company Handbook; customers staying on our free self-managed or SaaS product offering; our ability to accurately predict the long-term rate of customer subscription renewals or adoption, or the impact of these renewals and adoption; our hiring model; the effects of ongoing armed conflict in different regions of the world on our business; and general economic conditions (including changes in interest rates, inflation, tariffs, uncertainty of the federal budget, increased volatility in the capital markets, and instability in the global banking sector) and slow or negative growth of our markets. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption 'Risk Factors' and elsewhere in the filings and reports we make with the Securities and Exchange Commission. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. Operating Metrics Annual Recurring Revenue ('ARR'): We define annual recurring revenue as the annual run-rate revenue of subscription agreements, including our self-managed and SaaS offerings but excluding professional services, from all customers as measured on the last day of a given month. We calculate ARR by taking the monthly recurring revenue ('MRR') and multiplying it by 12. MRR for each month is calculated by aggregating, for all customers during that month, monthly revenue from committed contractual amounts of subscriptions, including our self-managed license, self-managed subscription, and SaaS subscription offerings but excluding professional services. Dollar-Based Net Retention Rate: We calculate Dollar-Based Net Retention Rate as of a period end by starting with our customers as of the 12 months prior to such period end ('Prior Period ARR'). We then calculate the ARR from these customers as of the current period end ('Current Period ARR'). The calculation of Current Period ARR includes any upsells, price adjustments, user growth within a customer, contraction, and attrition. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Dollar-Based Net Retention Rate. April 30, 2025 (1) (1) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 255,719 $ 227,649 Short-term investments 849,113 764,728 Accounts receivable, net of allowance for doubtful accounts of $1,154 and $991 as of April 30, 2025 and January 31, 2025, respectively 201,408 264,565 Deferred contract acquisition costs, current 35,455 38,964 Prepaid expenses and other current assets 39,066 40,411 Total current assets 1,380,761 1,336,317 Property and equipment, net 4,856 4,013 Operating lease right-of-use assets 329 381 Goodwill 16,029 16,139 Intangible assets, net 15,819 17,834 Deferred contract acquisition costs, non-current 19,830 20,142 Other non-current assets 4,366 4,437 TOTAL ASSETS $ 1,441,990 $ 1,399,263 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 11,288 $ 7,519 Accrued expenses and other current liabilities 66,308 54,680 Accrued compensation and benefits 28,119 40,233 Deferred revenue, current 450,668 442,599 Total current liabilities 556,383 545,031 Deferred revenue, non-current 25,981 26,369 Other non-current liabilities 7,029 6,557 TOTAL LIABILITIES 589,393 577,957 STOCKHOLDERS' EQUITY: Preferred stock, $0.0000025 par value; 50,000 shares authorized as of April 30, 2025 and January 31, 2025; no shares issued and outstanding as of April 30, 2025 and January 31, 2025 — — Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized as of April 30, 2025 and January 31, 2025; 145,894 and 144,444 shares issued and outstanding as of April 30, 2025 and January 31, 2025, respectively — — Class B Common stock, $0.0000025 par value; 250,000 shares authorized as of April 30, 2025 and January 31, 2025; 19,203 and 19,469 shares issued and outstanding as of April 30, 2025 and January 31, 2025, respectively — — Additional paid-in capital 2,013,228 1,952,031 Accumulated deficit (1,203,489 ) (1,167,614 ) Accumulated other comprehensive loss (1,459 ) (8,508 ) Total GitLab stockholders' equity 808,280 775,909 Noncontrolling interests 44,317 45,397 TOTAL STOCKHOLDERS' EQUITY 852,597 821,306 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,441,990 $ 1,399,263 __________ (1) As of April 30, 2025 and January 31, 2025, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD ('JiHu'), of $45.0 million and $46.5 million, respectively, and liabilities of $10.2 million and $10.3 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of GitLab Inc. Expand GitLab Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended April 30, 2025 2024 Revenue: Subscription—self-managed and SaaS $ 194,481 $ 151,179 License—self-managed and other 20,028 18,008 Total revenue 214,509 169,187 Cost of revenue: Subscription—self-managed and SaaS 19,268 13,839 License—self-managed and other 5,767 4,937 Total cost of revenue 25,035 18,776 Gross profit 189,474 150,411 Operating expenses: Sales and marketing 107,587 92,424 Research and development 65,410 54,140 General and administrative 51,087 57,487 Total operating expenses 224,084 204,051 Loss from operations (34,610 ) (53,640 ) Interest income 10,862 12,030 Other expense, net (9,971 ) (889 ) Loss before income taxes (33,719 ) (42,499 ) Provision for income taxes 2,539 12,977 Net loss $ (36,258 ) $ (55,476 ) Net loss attributable to noncontrolling interest (383 ) (243 ) Net loss attributable to GitLab $ (35,875 ) $ (55,233 ) Net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted: $ (0.22 ) $ (0.35 ) Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted: 164,491 158,157 Expand GitLab Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended April 30, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss, including amounts attributable to noncontrolling interest. $ (36,258 ) $ (55,476 ) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation expense 55,827 42,252 Charitable donation of common stock 1,739 2,957 Amortization of intangible assets 2,020 1,087 Depreciation expense 556 937 Amortization of deferred contract acquisition costs 13,899 11,109 Net amortization of premiums or discounts on short-term investments (2,996 ) (4,900 ) Unrealized foreign exchange loss, net 9,901 720 Other non-cash expense, net 208 412 Changes in assets and liabilities: Accounts receivable 65,928 31,072 Prepaid expenses and other current assets 1,527 10,362 Deferred contract acquisition costs (8,126 ) (8,540 ) Other non-current assets 379 (419 ) Accounts payable 3,586 1,336 Accrued expenses and other current liabilities 9,979 20,023 Accrued compensation and benefits (13,084 ) (13,152 ) Deferred revenue 1,205 (4,448 ) Other non-current liabilities 12 2,806 Net cash provided by operating activities 106,302 38,138 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of short-term investments. (245,952 ) (144,392 ) Proceeds from maturities of short-term investments 163,606 254,687 Proceeds from sales of short-term investments 1,367 — Purchases of property and equipment. (912 ) (700 ) Payments for business combination, net of cash acquired — (20,210 ) Net cash provided by (used in) investing activities (81,891 ) 89,385 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 3,328 5,093 Net cash provided by financing activities 3,328 5,093 Impact of foreign exchange on cash and cash equivalents 331 (290 ) Net increase in cash and cash equivalents. 28,070 132,326 Cash and cash equivalents at beginning of period 227,649 287,996 Cash and cash equivalents at end of period $ 255,719 $ 420,322 Expand GitLab Inc. Reconciliation of GAAP to Non-GAAP (in thousands, except per share data) (unaudited) Three Months Ended April 30, 2025 2024 Gross profit on GAAP basis $ 189,474 $ 150,411 Gross margin on GAAP basis 88 % 89 % Stock-based compensation expense 1,929 1,855 Amortization of acquired intangibles 2,020 1,087 Gross profit on non-GAAP basis $ 193,423 $ 153,353 Gross margin on non-GAAP basis 90 % 91 % Sales and marketing on GAAP basis $ 107,587 $ 92,424 Stock-based compensation expense (22,091 ) (17,397 ) Restructuring charges — (730 ) Sales and marketing on non-GAAP basis $ 85,496 $ 74,297 Research and development on GAAP basis $ 65,410 $ 54,140 Stock-based compensation expense (14,272 ) (12,336 ) Research and development on non-GAAP basis $ 51,138 $ 41,804 General and administrative on GAAP basis $ 51,087 $ 57,487 Stock-based compensation expense (17,535 ) (10,664 ) Restructuring charges — (276 ) Charitable donation of common stock (1,739 ) (2,957 ) Acquisition related expenses (183 ) (2,051 ) Other non-recurring charges (963 ) (473 ) General and administrative on non-GAAP basis $ 30,667 $ 41,066 Loss from operations on GAAP basis $ (34,610 ) $ (53,640 ) Stock-based compensation expense 55,827 42,252 Amortization of acquired intangibles 2,020 1,087 Restructuring charges — 1,006 Charitable donation of common stock 1,739 2,957 Acquisition related expenses 183 2,051 Other non-recurring charges 963 473 Income (loss) from operations on non-GAAP basis $ 26,122 $ (3,814 ) Other expense, net on GAAP basis $ (9,971 ) $ (889 ) Foreign exchange losses, net 9,954 785 Other non-recurring charges 170 174 Other income, net on non-GAAP basis $ 153 $ 70 Net loss attributable to GitLab common stockholders on GAAP basis $ (35,875 ) $ (55,233 ) Stock-based compensation expense 55,827 42,252 Amortization of acquired intangibles 2,020 1,087 Restructuring charges — 1,006 Charitable donation of common stock 1,739 2,957 Acquisition related expenses 183 2,051 Foreign exchange losses 9,954 785 Income tax adjustment (1) (5,631 ) 8,922 Other non-recurring charges 1,133 647 Net income attributable to GitLab common stockholders on non-GAAP basis $ 29,350 $ 4,474 GAAP net loss per share, basic and diluted $ (0.22 ) $ (0.35 ) Non-GAAP net income per share, basic $ 0.18 $ 0.03 Non-GAAP net income per share, diluted $ 0.17 $ 0.03 Shares used in per share calculation - basic on GAAP basis 164,491 158,157 Effect of dilutive securities 5,669 8,767 Shares used in per share calculation - diluted on non-GAAP basis 170,160 166,924 (1) Income tax adjustment in Q1 FY2025 consists primarily of one-time charges associated with the formation of Jihu and BAPA negotiations, while in Q1 FY2026, it primarily reflects an assumed provision for income taxes based on our long-term projected tax rate of 22%. 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Yahoo
02-06-2025
- Business
- Yahoo
GitLab Recognized as Leader by Independent Research Firm in DevOps Platforms Report
According to the report, GitLab is the most all-in-one of the all-in-one solutions assessed SAN FRANCISCO, June 02, 2025--(BUSINESS WIRE)--All Remote - GitLab Inc., the most comprehensive, intelligent DevSecOps platform, today announced it has been named a Leader by Forrester Research in The Forrester Wave™: DevOps Platforms, Q2 2025 report. The report evaluated 11 DevOps platform vendors across 26 criteria based on current offering, strategy, and customer feedback. GitLab received the highest scores possible in the project planning/alignment, build automation and CI, and pipeline security criteria. According to the report, "GitLab is the most all-in-one of the all-in-one solutions and suits enterprises looking to standardize with a single purchase." The report also cites GitLab's strong day zero experience, noting that "everything is ready to run out-of-the-box," supplemented by extensive migration tools and instructive video tutorials. Also cited are GitLab's strong developer tooling, Amazon Q integration with GitLab Duo, a cloud development environment (CDE), IDP, and wikis for documentation. The report includes feedback from customers appreciating GitLab's monthly release cadence, noting that the regular feature deliveries allow them to be nimble. According to the report, "GitLab's community engagement outshines its larger rivals." GitLab's end-to-end intelligent platform enables organizations to build better, more secure software faster, while increasing operational efficiency and improving developer experience. For more information, read the blog. Supporting Quotes: "Organizations today are looking for opportunities to remove unnecessary complexity from their software development workflows. GitLab is working to meet that need by delivering a single platform that supports everyone involved in software development, from idea to deployment," said David DeSanto, chief product officer at GitLab. "We believe our Leader placement in Forrester's report validates why customers choose GitLab for a unified, AI-native solution that accelerates software delivery, enhances security, and fosters innovation." About GitLab GitLab is the most comprehensive, intelligent DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 50 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster. Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester's objectivity here. View source version on Contacts Jennifer Malleopress@
Yahoo
02-06-2025
- Business
- Yahoo
GitLab Recognized as Leader by Independent Research Firm in DevOps Platforms Report
According to the report, GitLab is the most all-in-one of the all-in-one solutions assessed SAN FRANCISCO, June 02, 2025--(BUSINESS WIRE)--All Remote - GitLab Inc., the most comprehensive, intelligent DevSecOps platform, today announced it has been named a Leader by Forrester Research in The Forrester Wave™: DevOps Platforms, Q2 2025 report. The report evaluated 11 DevOps platform vendors across 26 criteria based on current offering, strategy, and customer feedback. GitLab received the highest scores possible in the project planning/alignment, build automation and CI, and pipeline security criteria. According to the report, "GitLab is the most all-in-one of the all-in-one solutions and suits enterprises looking to standardize with a single purchase." The report also cites GitLab's strong day zero experience, noting that "everything is ready to run out-of-the-box," supplemented by extensive migration tools and instructive video tutorials. Also cited are GitLab's strong developer tooling, Amazon Q integration with GitLab Duo, a cloud development environment (CDE), IDP, and wikis for documentation. The report includes feedback from customers appreciating GitLab's monthly release cadence, noting that the regular feature deliveries allow them to be nimble. According to the report, "GitLab's community engagement outshines its larger rivals." GitLab's end-to-end intelligent platform enables organizations to build better, more secure software faster, while increasing operational efficiency and improving developer experience. For more information, read the blog. Supporting Quotes: "Organizations today are looking for opportunities to remove unnecessary complexity from their software development workflows. GitLab is working to meet that need by delivering a single platform that supports everyone involved in software development, from idea to deployment," said David DeSanto, chief product officer at GitLab. "We believe our Leader placement in Forrester's report validates why customers choose GitLab for a unified, AI-native solution that accelerates software delivery, enhances security, and fosters innovation." About GitLab GitLab is the most comprehensive, intelligent DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 50 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster. Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester's objectivity here. View source version on Contacts Jennifer Malleopress@ Sign in to access your portfolio
