Mongodb Shares Soar On Reported Q3 Revenue Higher Forecast For Fy2022
The report sent MongoDB shares up 16% in late trading. CEO and president Dev Ittycheria called the results “another fantastic quarter,” one that was “highlighted by 84% Atlas revenue growth and increasing our customer count to over 31,000.” Added Ittycheria, “We believe a key driver of our success has been the early, but growing, trend of customers choosing MongoDB as an enterprise standard for their future application development. Revenue in the three months ending in October rose 50% year over year to $227 million, yielding a net loss of 11 cents a share, excluding some costs....