
Mongodb The shares increased by 37 % on Wednesday after the database programs company to publish Financial results are better than expected and gave optimistic expectations.
Here’s how the company compared to the consensus of LSEG:
- Arrow’s profits: $ 1.00 amended for 66 cents expected
- profit: 591 million dollars for $ 556 million expected
Mongodb’s revenues increased by 24 % from last year in the fiscal year The second quarter This ended on July 31. The company reached a net loss of 47.04 million dollars, or 58 cents per share, compared to a net loss of $ 54.5 million, or 74 cents per share, in the last period.
MonGodb Atlas sales, the company’s cloud database service, increased by 29 % on an annual basis.
Mongodb said it has added more than 5,000 customers so far, “the highest ever in the first half of the year.”
“We think this is a good sign of growth in the future because many of these companies are the original companies that come to Mongodb to operate their business,” said CNBC.
It was Mongodb Follow deals With large companies, while retracting small and medium -sized companies. Itycheria said this step “really pays profits.”
“The burdens of work that we started to obtain last year began to grow useful and grow faster than we expected, which causes Atlas growth,” said Echiria.
For the third financial quarter, the company called for amended profits per share between 76 and 79 cents and revenues of $ 587 million to 592 million dollars. This exceeded Wall Street’s expectations for 71 cents per share and $ 583 million in sales, according to LSEG.
It is expected that 2026 financial revenues will range between $ 2.34 billion and $ 2.36 billion, while the profits of one share will be in the range of $ 3.64 to $ 3.73. Analysts estimated $ 2.29 billion and $ 3.10 per share, according to LSEG.
Mongodb’s instructions for the full fiscal year of June amounted to $ 2.25 billion to $ 2.29 billion of revenues and one arrow profits from $ 2.94 to $ 3.12.
Mongodb 1 year stock scheme.
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