India, Sept. 2 -- GitLab Inc. (GTLB) shares are currently trading at $51.41, up $6.32, or 14.01 percent on Wednesday, after the software company reported strong second-quarter revenue growth the previous day. The results showed continued expansion in its subscription business, although the company remained unprofitable during the quarter.
GitLab closed the previous session at $45.09 and opened at $55.24 on the Nasdaq. The stock has traded between $50.20 and $55.55 during the session, with volume at 13.35 million shares, compared with average volume of 4.90 million. Its 52-week range is $18.73 to $55.55.
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GitLab reported revenue of $286.254 million, up fro...