Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
Engineers are not an endangered species, according to GitLab's CEO, William Staples.On an earnings call for the code management software company on Tuesday, Staples said AI coding assistants will increase the number of engineers because people can now code without advanced technical skills.'There's a raging debate about this, and I think a lot of it is borne out of anxiety about the future by engineers,' Staples said.
In the first quarter, GitLab reported revenue rose 27% year-on-year to $214.5 million, slightly above analysts' forecasts. Revenue guidance of $226 million to $227 million for the second quarter fell short of the projected $227 million, disappointing investors. GitLab's stock tumbled over 12% after-hours on Tuesday.GitLab is up 11% in the past year because of growing subscriptions and price increases.GitLab did not immediately respond to a request for comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-Jeep CEO Antonio Filosa named new Stellantis CEOStellantis ends six-month process to elect a replacement for Carlos Tavares
Read more »
This Week in Jacksonville: Business Edition - JEA CEO reflections on journey to leadershipIn this episode of This Week in Jacksonville: Business Edition, Vickie Cavey, CEO of JEA, shares her journey from growing up in Jacksonville to leading the utility that serves over a million residents.
Read more »
Nolte: Business Insider CEO Announces Far-Left News Outlet Laying Off 21% of Staff, Embracing AISource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
This Week in Jacksonville: Business Edition -Money Pages CEO talks economic growthIn this episode of This Week in Jacksonville: Business Edition, we spotlight economic growth through the lens of a thriving Jacksonville-based company: Money Pages.
Read more »
Take a Year-Long Sabbatical as CEO: Redefine Your Role and Grow Your BusinessA sabbatical is the ultimate delegation hack. It forces you to trust your team, refine processes and confront control issues.
Read more »
Mercury Insurance CEO plans to continue doing business in Southern California following devasting wildfiresMercury Insurance CEO Gabriel Tirador said following the devastating wildfires in Southern California, he still plans to continue doing business in the region.
Read more »