<ul><li>DevOps company GitLab Inc. beat expectations on earnings and revenue as it delivered its fourth-quarter financial results, swinging to a profit in the process.</li><li>The company reported earnings before certain costs such as stock compensation of 33 cents per share, easily beating the analyst consensus estimate of 23 cents. Revenue for the period jumped 29%, to $211.4 million, ahead of Wall Street’s target of $206.2 million.</li><li>Despite growing fast, the company has experienced a tumultuous few months, with its co-founder and CEO stepping down to focus on his battle with bone cancer. The new CEO highlighted the company's innovative DevSecOps platform.</li><li>GitLab issued a conservative forecast for the current quarter and full year, with lower expectations for earnings and revenue. However, the company's stock rose 2% after-hours.</li></ul>

GitLab swings to a profit as it beats expectations, but its guidance is a little light

Discover more