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 reported strong financial results for Q1 FY2023, with total revenue reaching $285.4 million, a 57% year-over-year increase. Subscription revenue was $274.6 million, up 57%, and services revenue rose 54% to $10.9 million. MongoDB Atlas revenue surged 82%, accounting for 60% of total revenue. Despite a net loss of $77.3 million or $1.14 per share, the company boasts strong cash reserves of $1.8 billion. Guidance for Q2 anticipates a revenue impact of $4-5 million due to macros.
MongoDB, Inc. (NASDAQ: MDB) will report its first quarter fiscal year 2023 financial results on June 1, 2022, after market close. The company will hold a conference call at 5:00 p.m. (ET) on the same day to discuss these results and its business outlook. The live webcast can be accessed on the company’s Investor Relations page. MongoDB serves over 33,000 customers globally and has over 240 million downloads of its database platform.
MongoDB announced it will host an investor session at MongoDB World 2022, its annual user conference, on June 7, 2022. The event will begin at 9:00 a.m. ET with keynote presentations from President & CEO Dev Ittycheria and Chief Product Officer Sahir Azam, followed by the investor session from 11:00 a.m. to 2:00 p.m. ET. Investors can attend in-person in New York City or register for the live webcast. MongoDB is a leading database platform with over 33,000 customers globally.
MongoDB has launched a new pay-as-you-go MongoDB Atlas offering on Google Cloud, enhancing the subscription experience for developers and enterprises. This model enables customers to pay only for the resources they use without any upfront commitments, facilitating easier management of data-rich applications. The offering allows scalability and flexibility for companies of all sizes, from startups to large enterprises. MongoDB Atlas integrates seamlessly within the Google Cloud Console, contributing to improved customer success through simplified migration and deployment.
MongoDB, Inc. (NASDAQ: MDB) has expanded its strategic collaboration with Amazon Web Services (AWS), committing to a six-year agreement aimed at enhancing customer workload migrations to the cloud. The initiative focuses on integrated sales, marketing, and developer enablement, alongside new migration incentives. This partnership aims to improve the customer experience for MongoDB Atlas on AWS and support expansion into new AWS regions. The collaboration reflects a joint effort to drive cloud adoption and support developers in creating resilient applications.
MongoDB reported robust fourth-quarter results for the fiscal year ended January 31, 2022, showcasing significant growth with total revenue of $266.5 million, up 56% year-over-year. Notable highlights include an 85% increase in Atlas revenue, leading to annualized revenue surpassing $1 billion. However, MongoDB faced a net loss of $84.4 million or $1.26 per share. Looking ahead, the company anticipates first-quarter revenue between $263 million and $267 million, with a full-year expectation of $1.151 billion to $1.181 billion.
MongoDB, Inc. (NASDAQ: MDB) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 8:00 a.m. PT (11:00 a.m. ET) in San Francisco, CA. President and CEO Dev Ittycheria and COO and CFO Michael Gordon will lead the presentation. A live webcast can be accessed on MongoDB's investor relations website at this link. The company serves over 31,000 customers globally, with its database platform downloaded over 210 million times.
MongoDB (NASDAQ: MDB) is set to report its fourth quarter and full year fiscal 2022 results on March 8, 2022, after market close. The announcement will be followed by a conference call at 5:00 p.m. ET to discuss financial results and future outlook. As a prominent database platform, MongoDB serves over 31,000 customers worldwide and boasts more than 210 million downloads of its database.
MongoDB, Inc. (NASDAQ: MDB) announced its Chief Operating Officer, Michael Gordon, and Senior VP of Finance, Serge Tanjga, will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 11:30 a.m. Eastern Time. The presentation will be accessible via a live webcast on the MongoDB investor relations website, with a replay available for a limited time. MongoDB is a leading general-purpose database platform with over 31,000 customers worldwide.
The MACH Alliance announced the addition of a new "Enabler" membership category, with MongoDB and Netlify as the first members. This category is designed for organizations that facilitate MACH services without directly offering a MACH solution. MongoDB, a leading database platform with over 31,000 customers globally, emphasizes the importance of open architecture and interoperability. Netlify, a web developer platform, aims to enhance website scalability and security. The announcement marks a significant milestone as the MACH Alliance's global membership approaches 50.
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