GitLab reaffirms Q2, annual guidance after naming new CRO
Olemedia/E+ via Getty Images

GitLab (NASDAQ:GTLB) confirmed its second-quarter and annual guidance on Tuesday after it named Chris Weber as its new Chief Revenue Officer.
For the second-quarter, GitLab (GTLB) said it expects to lose between 2 and 3 cents on an adjusted basis, with sales between $129M and $130M.

For the full-year, the DevOps company expects to lose between 14 and 18 cents per share, excluding one-time items, with sales forecast to be between $541M and $543M.
GitLab (GTLB) shares fell slightly less than 2% in extended-hours trading following the news.
Weber joins GitLab (GTLB) from Microsoft (MSFT), where he was corporate vice president, worldwide commercial business. He succeeds Michael McBride, who will remain with the company until August 1 to help with the transition.