04:46 PM EDT, 09/03/2024 (MT Newswires) -- GitLab ( GTLB ) reported fiscal Q2 non-GAAP net income late Tuesday of $0.15 per diluted share, up from $0.01 a year earlier.

Analysts surveyed by Capital IQ expected $0.10.

Revenue for the quarter ended July 31 was $182.6 million, up from $139.6 million a year earlier. Analysts polled by Capital IQ expected $177.2 million.

The company said it expects fiscal Q3 non-GAAP EPS of $0.15 to $0.16 on revenue of $187 million to $188 million. Analysts expect EPS of $0.10 on revenue of $187.4 million.

GitLab ( GTLB ) now expects fiscal 2025 non-GAAP EPS of $0.45 to $0.47 on revenue of $742 million to $744 million. It previously projected EPS of $0.34 to $0.37 on revenue of $733 million to $737 million. Analysts expected EPS of $0.36 on revenue of $737.8 million.

Shares of the company were up about 12% in after-hours activity.

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