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”
Database software developer MongoDB soared to record highs after announcing better than expected Q2 (Jul) earnings as the demand for NoSQL databases runs hot. MDB also raised its FY22 earnings and revenue guidance for the second time this fiscal year.