Cloud Based Atlas Revenue Drives MongoDB Stock 27% Higher

Database software developer MongoDB shares soared 27% after announcing better than expected Q3 (Oct) earnings as the demand for NoSQL databases runs hot. $MDB also raised its FY23 earnings and revenue guidance. MongoDB’s revenue rose 47% year-over-year in the quarter that ended on Oct. 31, according to a statement. Its net loss widened to $84.8 million, compared with a net loss of $81.3 million in the year-ago quarter. MongoDB Q3 22 Earnings: Highlights “The strength in our business was driven … Continue reading “Cloud Based Atlas Revenue Drives MongoDB Stock 27% Higher”