Welcome to our dedicated page for MongoDB news (Ticker: MDB), a resource for investors and traders seeking the latest updates and insights on MongoDB stock.
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) will present at two major conferences: the UBS Global TMT Conference in New York on December 7, 2022, at 1:20 PM ET, and the Barclays Global Technology, Media & Telecommunications Conference in San Francisco on December 8, 2022, at 10:25 AM PT (1:25 PM ET). Presenters include COO Michael Gordon and SVP of Finance Serge Tanjga. A live webcast will be available on MongoDB's investor relations website, with replays following the events.
MongoDB, Inc. (NASDAQ: MDB) will report its Q3 fiscal year 2023 financial results for the quarter ended October 31, 2022, on December 6, 2022, after U.S. markets close. A conference call will follow at 5:00 p.m. ET to discuss the results and future business outlook. Investors can join via a live webcast on the company's Investor Relations page. MongoDB serves over 37,000 customers globally and has recorded over 300 million downloads of its database platform.
On November 15, 2022, MongoDB (NASDAQ: MDB) announced significant updates to its MongoDB University program during its developer conference in London. The enhancements aim to democratize data skills, offering a broader selection of courses, streamlined certification processes, and 24/7 exam access. This update also introduces hands-on labs, improved learner experiences, and foreign language support in six languages. With over 37,000 customers globally, MongoDB is addressing the tech skills gap by providing free, accessible educational resources to empower developers and drive future innovation.
MongoDB, Inc. (NASDAQ: MDB) announced new integrations that enhance access to MongoDB Atlas via the Azure Marketplace, providing developers with a pay-as-you-go model. This initiative, part of the Microsoft Intelligent Data Platform Partner Ecosystem, allows users to utilize a free trial and streamlined billing through Azure accounts. The partnership aims to empower developers to build data-rich applications efficiently while maintaining security standards. Notable features include comprehensive ecosystem integrations and advanced security measures, enhancing the platform's appeal to developers.
MongoDB, Inc. (NASDAQ: MDB) announces participation in three major technology conferences: Citi 2022 Global Technology Conference on September 8, Goldman Sachs Communacopia + Technology Conference on September 12, and Piper Sandler Growth Frontiers Conference on September 13. Key executives, including COO Michael Gordon and CEO Dev Ittycheria, will present at these events. Live webcasts will be available on the investor relations website, with replays offered for a limited time. MongoDB serves over 37,000 customers globally and is a leader in the developer data platform sector.
MongoDB, Inc. reported strong Q2 fiscal 2023 results with total revenue of $303.7 million, up 53% year-over-year. Subscription revenue rose to $291.6 million, a 52% increase, while services revenue increased 64% to $12.1 million. Despite a record growth in customer base to over 37,000, the company faced a net loss of $118.9 million, or $1.74 per share. Gross profit margin improved to 71%. The company provided guidance for Q3 and fiscal 2023, estimating revenues of $300.0 million to $303.0 million in Q3 and $1,196.0 million to $1,206.0 million for the full year.
MongoDB, Inc. (NASDAQ: MDB) has scheduled its second quarter fiscal year 2023 financial results announcement for August 31, 2022, after U.S. markets close. The results will cover the period ending July 31, 2022. A conference call will follow at 5:00 p.m. ET on the same day, where the company will discuss its financial results and outlook. Interested parties can access the call via a registration link.
MongoDB (NASDAQ: MDB) has unveiled new capabilities at MongoDB World 2022, aimed at enhancing its developer data platform. The updates focus on addressing diverse data needs for modern applications, including in-app analytics and optimized data lifecycle management. Key features include Column Store Indexes, time series collections, Atlas Data Lake, and enhanced security through Queryable Encryption. These advancements enable developers to build scalable applications while maintaining performance and security. The platform supports a wide range of architectures and integrates seamlessly with popular development tools.
MongoDB, Inc. (NASDAQ: MDB) has announced participation in two major conferences: the Stifel 2022 Cross Sector Insight Conference in Boston, MA on June 8, 2022, and the 42nd Annual William Blair Growth Stock Conference in Chicago, IL on June 9, 2022. Presentations will be made by Michael Gordon, COO and CFO, and Serge Tanjga, Senior VP of Finance. Webcasts of both events will be accessible on the company's investor relations website, with replays available for a limited time.
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