AI Accelerates Software Development — GitLab Rises by 17% After Record Bookings

GitLab is a DevSecOps platform that brings software development, operations, and security together under one roof. AI is becoming a key growth driver. Record bookings, more than double the number of first-time orders, and over 40% growth in new ARR point to significantly stronger demand. AI monetization is gaining momentum: The paid consumption run rate rose from $15 million to over $40 million. GitLab (GTLB) responded to strong quarterly results after the market closed on September 1 with a share price jump of about 17%. The company...