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This seem more like Wallstreet is reacting to a company projecting to increase revenues by 52% (from $19->$29) YoY.
by tiffanyh 4y ago
This seem more like Wallstreet is reacting to a company projecting to increase revenues by 52% (from $19->$29) YoY.
- Hamuko 4y agoThat only sounds plausible if 100% of your revenue comes from GitLab Premium customers.
- tiffanyh 4y agoFair point, though their stock price didn't go up by 52%. Seems like Wallstreet is pricing in the fact this doesn't effect all plans.
- sScTE9qEMCxEk34 4y agoI expect it's close, honestly. I dunno who's paying $100/month for what GitHub offers (but on a platform that all your devs already know) for $20/month...
- chatmasta 4y agoThe ratio is on the order of 10:1 subscription vs. licensing (self-hosted?) and "other," according to their most recent QE report [0]. But I'm curious how many subscribers they have on the Enterprise $99/user plan. I wouldn't be surprised if it's a fairly low number of organizations (under 100), especially since those organizations have the option to self-host GitLab at much lower cost. [0] https://ir.gitlab.com/news-releases/news-release-details/gitlab-reports-third-quarter-fiscal-year-2023-financial-results https://ir.gitlab.com/news-releases/news-release-details/git...
- Hamuko 4y agoPretty sure we're GitLab Ultimate customers for the security functionality, and we don't even use the issues/project functionality as we have Jira. And we're not a massive company.
- ja27 4y agoAnd that you retain nearly 100% of those