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MongoDB, Inc. (NASDAQ: MDB) is a leading force in the database technology space, providing a modern and highly scalable document-oriented database platform. Founded in 2007 and headquartered in New York, MongoDB revolutionizes how businesses harness data, supporting a wide range of applications from startups to large enterprises. With over 9 million downloads and nearly 33,000 paying customers, MongoDB's ecosystem is one of the fastest-growing in the database industry.
MongoDB's core offering is its NoSQL database, which is compatible with all major programming languages and can be deployed in diverse use cases. Through both license-based and subscription-based models, the company caters to various customer needs, ensuring flexibility and scalability.
One of MongoDB's prominent products is MongoDB Atlas, a multi-cloud developer data platform that integrates an operational database with data and application services. MongoDB Atlas simplifies the process of building, deploying, and managing modern applications that require high performance and scale. Recently, MongoDB announced new capabilities in Atlas that make it easier to build generative AI applications, enabling organizations to leverage real-time operational data more effectively.
In fiscal 2024, MongoDB reported strong financial performance with a 34% growth in Atlas revenue and an improvement in operating margins. The company continues to invest in product development and market expansion, recognizing the significant long-term growth opportunities, particularly in AI-driven applications.
MongoDB has also introduced the MongoDB AI Applications Program (MAAP), designed to help organizations rapidly build and deploy innovative applications enriched with generative AI technology. This program provides a comprehensive suite of tools, professional services, and strategic partnerships to support enterprises in embedding AI into their applications.
Furthermore, MongoDB's commitment to developer success is evident through MongoDB University, which has trained millions of developers, and through its extensive network of over 1,000 technology and service partners.
MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. As the database landscape evolves, MongoDB remains at the forefront, enabling organizations to build smarter and more impactful applications with greater ease.
MongoDB, Inc. (NASDAQ: MDB) announced it will report its second-quarter fiscal year 2022 financial results on September 2, 2021, after U.S. markets close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results and provide a business outlook. Investors and analysts can access the call via phone or through a live webcast on MongoDB's Investor Relations page. The company serves over 26,800 customers globally and has achieved over 175 million downloads of its database platform.
MongoDB, Inc. (NASDAQ: MDB) has unveiled significant product enhancements at MongoDB.live 2021, including the launch of MongoDB 5.0 and the preview of serverless databases in MongoDB Atlas. MongoDB 5.0 introduces native time series support, which simplifies application development and enhances privacy controls. Key features include live resharding, future-proof application compatibility, and client-side field-level encryption. These innovations aim to improve developer experiences and accelerate application deployment, benefiting MongoDB's nearly 27,000 customers.
On June 29, 2021, MongoDB announced a public offering of 2,500,000 shares of its Class A common stock, priced at $365.00 per share. The estimated net proceeds amount to approximately $889.0 million after expenses. The offering is set to close on July 2, 2021, pending customary conditions. Morgan Stanley and Goldman Sachs are the lead underwriters, with several co-managers involved. This offering is conducted under a shelf registration statement filed with the SEC, which automatically became effective. Further details will be filed with the SEC and available online.
MongoDB has announced a public offering of 2,300,000 shares of its Class A common stock, all to be sold by the company. The offering is subject to market conditions, with no assurance on completion or terms. Proceeds from the offering will be used for general corporate purposes. Morgan Stanley and Goldman Sachs are leading this underwritten offering, with other firms as co-managers. The public offering is made under a shelf registration statement filed with the SEC, and additional details are available on the SEC's website.
MongoDB, Inc. (NASDAQ: MDB) announced that its MongoDB Atlas for Government has achieved FedRAMP Ready status, enabling it to serve U.S. government agencies through AWS GovCloud and other regions. This certification indicates strong compliance with stringent security requirements, enhancing MongoDB's position in the government sector. The document database service aims to facilitate modern application development, ensuring security and scalability while addressing unique government needs. The achievement of FedRAMP Ready is a step towards full authorization, supporting MongoDB's commitment to cloud solutions.
MongoDB has announced a virtual investor session for its annual user conference, MongoDB.live 2021, scheduled for July 13, 2021, from 1:00 p.m. to 4:00 p.m. ET. The session will be webcast live and available for replay on the company's Investor Relations website. MongoDB, recognized as a leading database platform, serves over 26,800 customers globally and has over 175 million downloads of its database platform. This event highlights MongoDB's commitment to engaging with its investors.
MongoDB, Inc. (NASDAQ: MDB) reported strong financial results for Q1 FY 2022, achieving 39% revenue growth year-over-year with total revenue of $181.6 million. Subscription revenue rose by 40%, reaching $174.6 million, while gross profit stood at $127.1 million with a 70% margin. However, the company experienced a net loss of $64.0 million, or $1.04 per share. MongoDB also forecasts Q2 revenue between $180.0 million to $183.0 million and full-year revenue of $771.0 million to $784.0 million.
MongoDB, Inc. (NASDAQ: MDB) has announced it will report its first quarter fiscal year 2022 financial results on June 3, 2021, after market close. The announcement includes a conference call at 5:00 p.m. ET on the same day to discuss the financial results and future outlook. MongoDB serves over 24,800 customers globally and has achieved over 155 million downloads of its database platform. Investors can access the live webcast through the company's Investor Relations page.
MongoDB, Inc. (NASDAQ: MDB) announced its financial results for Q4 and fiscal year 2021, reporting a 38% year-over-year revenue increase to $171 million for Q4, and $590.4 million for the full year, up 40%. Subscription revenue was particularly strong, growing by 39% to $163.9 million in Q4. Despite these gains, the company experienced a net loss of $75.8 million, or $1.25 per share, in Q4, heightened from $62.6 million a year prior. MongoDB's cash position remains solid at $958.3 million, with projected revenue for Q1 fiscal 2022 expected between $167 million and $170 million.