Shares of GitLab (GTLB) jumped over 14% in early trading Tuesday after the maker of software for developers posted a surprise profit as its high-end custom🔜er base soared.

GitLab reported third quarter fiscal 2024 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.09, its first-ever adjusted 澳洲幸运5官方开奖结果体彩网:operating profit. Analysts had anticipated a loss. Revenue rose 32% from a year ago to $149.7 million, also beating forecasts. 

GitLab said the number of customers with $100,000 or more in annual recurring revenue (ARR) skyro𒉰cketed 37% to 874. Those with more❀ than $5,000 ARR increased 26% to 8,175.

CFO Brian Robins indicated the leap in sales demonstrated “continued business momentum driven by our market-leading platform approach.” He added that GitLab “delivered over 2,200 澳洲幸运5官方开奖结果体彩网:basis points (bps) of non-GAAP 澳洲幸运5官方开奖结果体彩网:operating margin expansion.”

The company pr💮ojected current quarter EPS of $0.08 to $0.09, while estimates pointed to a loss. Revenue guidance of $157 million to $158 million also exceeded expectations.

GitLab shares jumped to their high💧💫est level since August of 2022 following the news.