Earnings

MongoDB shares jump as revenue growth accelerates

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Dev Ittycheria, CEO of MongoDB

Adam Jeffery | CNBC

Shares of database software maker MongoDB were up as much as 18% in extended trading on Monday after issuing fiscal third-quarter results.

Here’s how the company did:

  • Earnings: Loss of 11 cents per share, adjusted, vs. a loss of 38 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $226.9 million, vs. $205.2 million as expected by analysts, according to Refinitiv.

Revenue grew 50% year over year in the quarter that ended Oct. 31, compared with 44% growth in the prior quarter, according to a statement. Revenue from the company’s Atlas cloud database service grew 84%, compared with 83% growth in the previous quarter.

But…



Source cnbc.com

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