GitLab Inc. (GTLB) Stock: Drops as AI Demand Drives Record Bookings and Revenue Growth

TLDR GitLab shares jump 21% pre-market after revenue rises 21% to $286.3 million. Record bookings and net ARR growth above 40% strengthen GitLab’s Q2 performance. GitLab Orbit and Secrets Manager expand its platform for automated development. Non-GAAP operating income rises to $42.6 million despite weaker quarterly cash flow. GitLab guides FY2027 revenue to $1.129 billion-$1.133 [...]

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