MongoDB Inc. shares soared more than 15% higher in after-hours trading Thursday, after the database-software company’s earnings and forecast crushed...
MongoDB Inc. shares MDB soared more than 15% higher in after-hours trading Thursday, after the database-software company’s earnings and forecast crushed expectations. MongoDB reported a first-quarter loss of $54.2 million, or 77 cents a share, on sales of $368.3 million, up from $285.4 million a year ago. After adjusting for stock compensation and other effects, the company reported earnings of 56 cents a share, up from 20 cents a share a year ago.
Analysts on average were expecting adjusted earnings of 18 cents a share on sales of $348 million, according to FactSet. Chief Executive Dev Ittycheria credited the outperformance to signing up more new customers in the new quarter than MongoDB had in more than two years. “MongoDB began fiscal 2024 with strong first quarter results, highlighted by 40% Atlas revenue growth and the most net new customer additions in over two years,” he said in a statement.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Apple Leak Details All-New iPhone 15, iPhone 15 Pro Design ChangesYour best look yet at every iPhone 15 model and Apple's biggest design changes...
Weiterlesen »
After Russia and China, Iran touts hypersonic missiles that can fly at 12-15 MachWashington dismissed Tehran's claims last November of having developed a hypersonic missile. Will it be able to dismiss them again, or is it too late?
Weiterlesen »
Missing ER doctor skipped first shift without notice in 15 years“Please don’t let this be how this ends,” missing Dr. John Forsyth’s sister wrote on Facebook.
Weiterlesen »
Explainer: Why Kosovo's stand-off with Serbs goes on 15 years after statehoodAn enduring stand-off is fueling Western Balkans instability and must be settled to help meet conditions for Kosovo's aspiration to join the European Union.
Weiterlesen »
15 Best Summer Sneakers for All-Day ComfortSlip on, lace up and get going.
Weiterlesen »
15 Outrageous Things I'm Truly Sick Of Hearing As An Armenian AmericanThroughout my life, I've heard a lot of things about being Armenian that range from ridiculous to downright horrible.
Weiterlesen »