GitLab shares drop as 'less conservative' forecast disappoints investors

GitLab shares drop as 'less conservative' forecast disappoints investors

The Star Online - Tech·2024-03-05 21:00

(Reuters) - GitLab shares fell 24% on Tuesday after the software developer forecast full-year 2025 revenue and profit below Wall Street estimates, citing a cautious spending environment due to an uncertain economy.

Still, analysts and investors believe the forecast for fiscal year 2025 to be cautious and expect stable growth.

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