Mongodb Stock Price, News & Analysis

MongoDB announced that Iron Mountain is using MongoDB Atlas for their new Iron Mountain InSight® Digital Experience Platform (DXP). This platform enables customers to manage, govern, and monetize physical and digital information through AI-powered self-service tools. InSight DXP transforms unstructured information into structured, actionable data, offering pre-built, customizable solutions for various industries.

Leveraging MongoDB's flexible document model and scalable architecture, InSight DXP can handle diverse data types across industries. MongoDB Atlas supports multi-region clusters in 118+ global regions, ensuring high availability and regulatory compliance. The platform integrates with key business processes via pre-built connectors or APIs, enabling quick design and publishing of solutions with comprehensive content management and workflow automation capabilities.

MongoDB (NASDAQ: MDB) has announced that MongoDB Atlas for Government now supports Google Cloud's Assured Workloads in US regions. This makes MongoDB Atlas for Government the first multi-cloud data platform authorized at FedRAMP Moderate, offering public sector organizations and ISVs greater flexibility, disaster recovery, and resilience capabilities.

The platform provides a flexible and scalable developer data platform supporting various use cases, including mission-critical transactional workloads, generative AI-powered applications, and real-time analytics. It features advanced security capabilities such as encryption, network management, and identity access controls. Google Cloud customers will be able to select MongoDB Atlas for Government on Google Cloud Marketplace starting in the fall.

MongoDB (NASDAQ: MDB) has announced its upcoming second quarter fiscal year 2025 earnings call, scheduled for Thursday, August 29, 2024, after U.S. financial markets close. The company will report financial results for the three months ended July 31, 2024. A conference call will be held at 5:00 p.m. Eastern Time on the same day to discuss the results and business outlook.

Investors and interested parties can access the live webcast of the call on MongoDB's Investor Relations website. For those joining by phone, a registration link is provided for dial-in details. To ensure a smooth start, participants are encouraged to dial in fifteen minutes before the scheduled time. A replay of the webcast will be available for a time on the company's investor relations page.

Bendigo and Adelaide Bank has partnered with MongoDB to modernize its core banking technology using MongoDB Atlas and generative AI. This initiative, aimed at enhancing customer-focused innovation, reduced development time by up to 90% and migration costs to one-tenth compared to traditional methods. The bank leveraged AI-powered automation to cut application testing time from over 80 hours to just five minutes. The modernization of the Agent Delivery System, a key retail banking application, was completed in under three months. The transition to a microservices architecture with a robust API ecosystem has improved data integration and enhanced developer efficiency. Future plans include migrating 50% of the bank's critical workloads to the cloud by year-end.

MongoDB (NASDAQ: MDB) reported its Q1 fiscal 2025 financial results, highlighting a 22% year-over-year increase in total revenue to $450.6 million. Subscription revenue rose by 23% to $436.9 million, while services revenue saw a modest 1% increase. Atlas revenue surged by 32%, contributing to 70% of total Q1 revenue. However, the company noted a slower-than-expected start for Atlas consumption growth and new workload wins, potentially affecting fiscal 2025 performance.

Gross profit was $327.9 million with a 73% gross margin. The net loss widened to $80.6 million ($1.10 per share) compared to $54.2 million ($0.77 per share) in the previous year. Non-GAAP net income was $42.7 million ($0.51 per share). Cash flow from operations was strong at $63.6 million, resulting in free cash flow of $61.0 million.

For Q2 and full-year fiscal 2025, MongoDB projects revenue between $460 million and $464 million and $1.88 billion to $1.90 billion, respectively. Non-GAAP net income per share is forecasted to be between $0.46 and $0.49 for Q2 and $2.15 to $2.30 for the full year.

MongoDB (NASDAQ: MDB) announced its participation in two major upcoming conferences: the Baird 2024 Global Consumer, Technology & Services Conference in New York, NY, and the 44th Annual William Blair Growth Stock Conference in Chicago, IL.

Chief Operating Officer and Chief Financial Officer, Michael Gordon, along with Senior Vice President of Finance, Serge Tanjga, will represent the company. They will present at the Baird Conference on June 4, 2024, at 1:25 PM ET and at the William Blair Conference on June 5, 2024, at 4:40 PM CT (5:40 PM ET).

Both presentations will be live-streamed and later available for replay on MongoDB's investor relations website.

MongoDB announced that its cloud database, MongoDB Atlas, has achieved four new security certifications: ISO 9001, TISAX, HDS, and TX-RAMP. These certifications enhance MongoDB's compliance portfolio, ensuring robust data security and meeting regulatory requirements for industries including automotive, healthcare, and public sectors. Customers, such as Wells Fargo and GE Healthcare, can now adopt MongoDB Atlas for critical workloads with greater confidence. ISO 9001 emphasizes quality management, TISAX focuses on automotive industry data security in the EU, HDS safeguards health data in France, and TX-RAMP certifies cloud services for Texas state agencies. This development highlights MongoDB's commitment to protecting sensitive data and facilitating compliance with stringent regulations.

MongoDB, Inc. (NASDAQ: MDB) will report its first quarter fiscal year 2025 financial results on May 30, 2024, after the U.S. financial markets close. The company will host a conference call to discuss financial results and business outlook. A live webcast will be available on the company's website, with dial-in details provided for phone access.

MongoDB, Inc. (NASDAQ: MDB) and Google Cloud (NASDAQ: GOOG) are collaborating to optimize Gemini Code Assist for developers building applications on MongoDB. Gemini Code Assist, powered by AI, provides code suggestions, updates codebases, and answers developers' questions, enhancing application development and modernization on MongoDB. The collaboration aims to empower developers to prototype new features faster, accelerate application development, and focus on challenging tasks by integrating generative AI into their workflows.