Earnings Call Insights: GitLab (GTLB) Q1 FY 2027 Management view CEO William Staples said Q1 included “revenue of $264 million, growth of 23%, operating profit of $38 million and a 14% non-GAAP operating margin,” with “1,519 customers paying us more than $100,000 a year, up 18% year-over-year” and “dollar-based net retention...117%.” Staples said GitLab launched “GitLab's Act 2,” adding that “the ...
Earnings Call Insights: GitLab (GTLB) Q1 FY 2027 Management view CEO William Staples said Q1 included “revenue of $264 million, growth of 23%, operating profit of $38 million and a 14% non-GAAP operating margin,” with “1,519 customers paying us more than $100,000 a year, up 18% year-over-year” and “dollar-based net retention...117%.” Staples said GitLab launched “GitLab's Act 2,” adding that “the opportunity ahead is massive and speed matters,” and highlighted early traction in AI and cloud offerings: “GitLab Dedicated crossed another milestone of $70 million in ARR,” “Ultimate now represents 57% of ARR,” and “Duo agent platform paid consumption run rate was nearly $20 million.” Staples outlined a packaging shift: “Over the course of FY '27, we intend to transition Duo Pro and Duo Enterprise subscriptions into DAP, consolidating our AI portfolio into a single agentic platform and onto the consumption business model.” CFO Jessica Ross said Q1 “benefited from $2 million of nonrecurring overages and early renewals,” while “our price-sensitive cohort, roughly 20% of ARR remained under pressure,” and “we saw more seat contraction than we anticipated, mostly tied to layoffs in our customer base.” Ross said capital allocation actions in Q1 included: “We ended the quarter with $1.36 billion in cash and investments,” and “we repurchased about 2.4 million shares and have $350 million remaining on the authorization.” Outlook Ross said guidance embeds “prudence on 4 key items,” including: “we continue to not assume a meaningful bounce back in FY '27” for public sector, the “price-sensitive cohort...remain under pressure,” “we continue to assume no material revenue contribution from GitLab Duo Agent platform in FY '27,” and “the potential for some near-term disruption associated with organizational changes as we operationalize Act 2.” Ross raised full-year guidance: “For the full year, we now expect total revenue of $1.112 billion to $1.118 billion...Non-GAAP operating income of...
U.S. cuts tariffs on agricultural equipment The U.S. lowered tariffs on agricultural equipment, including combines and harvesters, from 25% to 15%. The temporary tariff adjustments will remain in place through Dec. 31, 2027, as part of an effort to encourage investment in U.S. agriculture. Tencent Cloud slashes AI prices Tencent Cloud said that it has cut prices for its DeepSeek-V4 series models b...
U.S. cuts tariffs on agricultural equipment The U.S. lowered tariffs on agricultural equipment, including combines and harvesters, from 25% to 15%. The temporary tariff adjustments will remain in place through Dec. 31, 2027, as part of an effort to encourage investment in U.S. agriculture. Tencent Cloud slashes AI prices Tencent Cloud said that it has cut prices for its DeepSeek-V4 series models by up to 97.5%, while maintaining model performance.
Clifton George convicted of fatally stabbing charity worker Annabel Rook after she tried to end relationship A man who fatally stabbed his partner and then set off a gas explosion at their north-east London home last summer has been found guilty of her murder. Clifton George, 45, had denied murdering Annabel Rook, a 46-year-old charity founder, during an argument at their home in Stoke Newington, ...
Clifton George convicted of fatally stabbing charity worker Annabel Rook after she tried to end relationship A man who fatally stabbed his partner and then set off a gas explosion at their north-east London home last summer has been found guilty of her murder. Clifton George, 45, had denied murdering Annabel Rook, a 46-year-old charity founder, during an argument at their home in Stoke Newington, on 17 June 2025. He admitted her manslaughter. Continue reading...
Spain is “confident” it’ll be awarded a massive artificial intelligence data center project by the EU and plans to invest as much as €800 million ($929 million) in it. The government expects to announce details on the Spanish proposal for one of the EU’s five so-called gigafactories in “coming weeks” and it’ll earmark between €600 million and €800 million of public funds for it, Digital Affairs Mi...
Spain is “confident” it’ll be awarded a massive artificial intelligence data center project by the EU and plans to invest as much as €800 million ($929 million) in it. The government expects to announce details on the Spanish proposal for one of the EU’s five so-called gigafactories in “coming weeks” and it’ll earmark between €600 million and €800 million of public funds for it, Digital Affairs Minister Óscar López said in Madrid Wednesday. Spain will announce the names of the companies that will join the gigafactory consortium before the European Union opens the formal process, which is expected to be in July, he said. Telefónica SA and ACS SA are among companies expected to take part n the consortium. The European Union announced a €20 billion plan to back so-called gigafactories last year to accelerate investment in AI infrastructure from private companies. The plan was expected to be launched earlier this year but has been delayed due to a lack of clarity about demand and to when the subsidies will be available, threatening to undermine the initiative, Bloomberg News reported earlier on Wednesday. The five EU projects will be financed in two phases, with funds earmarked in 2028 and 2030. Consortium will be formed by corporations, who will fund part of the projects.
Proposal for 10-12.5% levies, to also include EU, Taiwan, Canada and Australia, would allow US president to skirt court-imposed limits Donald Trump has threatened tariffs of between 10% and 12.5% on 60 countries including the UK, EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy. The EU immediately hit back, saying it expected the US t...
Proposal for 10-12.5% levies, to also include EU, Taiwan, Canada and Australia, would allow US president to skirt court-imposed limits Donald Trump has threatened tariffs of between 10% and 12.5% on 60 countries including the UK, EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy. The EU immediately hit back, saying it expected the US to respect the tariff deal it entered into last July and arguing stealth tariffs breached the spirit of that agreement. Continue reading...