MongoDB (MDB) Tops Q3 EPS by 10c, Revs Beats; Guides Above Views

MongoDB (NASDAQ: MDB) reported Q3 EPS of ($0.30), $0.10 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $65 million versus the consensus estimate of $60.25 million.

“MongoDB delivered terrific third quarter results that reflect our growing position as the modern database platform of choice,” said Dev Ittycheria, President and Chief Executive Officer of MongoDB. “We are seeing strong demand internationally and from customers in traditionally conservative markets and industries, which reflects our opportunity to continue generating strong growth.”

Ittycheria added, “MongoDB Atlas, which now represents 22% of revenue, had another incredible quarter as customers embraced the ease of use and flexibility of a fully managed modern cloud database service. We also continue to extend the differentiation of our database platform with the recent release of MongoDB Mobile and enhancements to MongoDB Stitch, which enables developers to innovate much faster than they can on alternative platforms.”

GUIDANCE:

MongoDB sees Q4 2019 EPS of ($0.39)-($0.38), versus the consensus of ($0.39). MongoDB sees Q4 2019 revenue of $73-74 million, versus the consensus of $64.7 million.

MongoDB sees FY2019 EPS of ($1.53)-($1.52), versus the consensus of ($1.63). MongoDB sees FY2019 revenue of $243.7-244.7 million, versus the consensus of $230.6 million.

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

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