MongoDB (MDB) Q1 earnings report 2024

Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance.

Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by analysts, according to Refinitiv.

Revenue: $368 million, vs. $347 million as expected by analysts, according to Refinitiv.

MongoDB’s revenue increased 29% year over year in the quarter that ended April 30, according to a statement. The net loss for the quarter came out to $54 million, or 77 cents per share, compared with $77 million, or $1.14 per share, in the year-ago quarter, even as the…