Gitlab Inc, the code collaboration and repository service is grossly undervalued, according to Wolfteam Ltd.'s projections and estimates.
Gitlab, with its code production collaboration git type like software tools system is at the forefront of Infrastructure as a Service, by far the largest part of cloud computing. Cloud computing in 4 years is expected to have 700 billion USD recurring annual revenue globally, according to many Wall Street and technology analysts is the new computing.
Cloud computing makes cheap, efficient use of computing resources by offering computer resources in the cloud, on the servers premises of leading technology companies like Amazon, Microsoft, Google which can be safely relied upon for stable computer infrastructure is taking the world over,
Gitlab Inc's intrinsic worth is 37 billion USD, according to Wolfteam Ltd's house view. Git type cloud production and collaboration is of utmost importance for software production overall. And Gitlab and Github have the git code repository market in an oligopoly grasp. Gitlab's current market capitalization is 9.35 billion USD.
Gitlab has circa 500 million USD annual revenue, but its overall cloud computing revenue grows by more than 50 % on an yearly basis. In 2023, the last reported fiscal year, Gitlab's negative net profit margin was - 40.61 %. Once Gitlab manages to report annual profit its value will explode.
It is true that the Software as a Service or SaaS market has slowed down abruptly. But git code software team production is very valuable and Gitlab is at the forefront of the cloud computing, Infrastructure as a Service git wave.
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