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Mongodb On Wednesday stocks took off at 37% after database software published Better than expected, the results of the financial results and the prognosis were given.
Here’s how the company did compared to the LSEG consensus:
Mongodb’s profits grew by 24% compared to a year back in financial condition the second quarter This ended on July 31. The company had a pure loss of $ 47.04 million, or $ 58 per share, compared to a net loss of $ 54.5 million, or $ 74 per share.
Sales Mongodb Atlas, Cloud Batabase Company service, increased by 29% a year.
MongoDB said it has added more than 5,000 customers, “the highest in the history of the first half of the year.”
“We believe that this is a good sign of future growth, because many of these companies are AI native companies who come to MongoDB to run their business,” DEV ITTYRIA CEO said in an interview with Squawk Box.
Mongodb was Pursuing a deal With large companies, simultaneously distracted by a small and medium business. Itty said the step was “really payments to dividends”.
“The loads we started to buy last year really begin to grow and grow faster and grow faster than we expected to grow atlas,” said Ittycreria.
In the third quarter of the fiscal company, the company called for an adjusted profit for a share between 76 and 79 cents and revenue from $ 587 to $ 592 million. According to LSEG, this has exceeded Wall -Rate expectations for 71 cents per share and $ 583 million.
According to the financial forecasts, the proceeds are $ 2.34 to $ 2.36 billion, and the adjusted profit per share will be from $ 3.64 to $ 3.73. According to LSEG, analysts have estimated $ 2.29 billion and $ 3.10 per share.
MongoDB’s full leadership from June amounted to 2.25 billion to $ 2.29 billion in profit and profit for a share from $ 2.94 to $ 3.12.
1-year-old Mongodb stock schedule.