MongoDB (MDB) Tops Q2 EPS by 4c; Issues Better Rev Guidance

MongoDB (NASDAQ: MDB) reported Q2 EPS of ($0.41), $0.04 better than the analyst estimate of ($0.45). Revenue for the quarter came in at $57.5 million versus the consensus estimate of $51.73 million.

"MongoDB delivered outstanding performance across the board in the second quarter," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. "We are seeing strong demand from both new and existing customers across a growing number of use cases, as evidenced by our 63% subscription revenue growth, demonstrating that MongoDB is quickly becoming the modern database platform of choice."

Ittycheria added, "We pushed the pace of innovation with the release of MongoDB 4.0 and are excited about the introduction of new enterprise security features into MongoDB Atlas, our fully managed cloud database service, and the general availability of MongoDB Stitch, our serverless platform. Our investments in expanding engineering and go-to-market capabilities have positioned MongoDB to continue delivering high levels of growth as we disrupt the massive database market."

GUIDANCE:

MongoDB sees Q3 2019 EPS of ($0.40)-($0.39), versus the consensus of ($0.39). MongoDB sees Q3 2019 revenue of $59-60 million, versus the consensus of $57.55 million.

MongoDB sees FY2019 EPS of ($1.66)-($1.62), versus the consensus of $1.62. MongoDB sees FY2019 revenue of $228-230 million, versus the consensus of $219.71 million.

For earnings history and earnings-related data on MongoDB (MDB) click here.

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