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Quick googling says 300 million in annual revenue, but a -155M net income or -61M profit margin (how are they different?) So that’s somewhere between 0.6% and
by olliej 4y ago
Quick googling says 300 million in annual revenue, but a -155M net income or -61M profit margin (how are they different?)
So that’s somewhere between 0.6% and 1.5% of their annual loss according to the claim it would save 1M a year
- snoopy_telex 4y agohttps://www.theregister.com/2022/08/04/gitlab_data_retention_policy/ https://www.theregister.com/2022/08/04/gitlab_data_retention... says "Hopes to save a quarter of hosting costs by binning repos that haven't been touched for a year", so perhaps it's from looking at cost centers more then just the company wide costs.
- abofh 4y agoIt's not costing them 155M to run hosting. It's maybe a tenth of that. Online business costs are inordinately around people, marketing, and sales acquisitions. Someone wants you to look at X to save money, because Y is more important to them. I don't know gitlab's financing, but it's a pretty common play when someone is looking to boost their figures so someone else won't notice - either for executive payments or acquisition, someone's looking to goose their margins.