MongoDB (MDB) Tops Q1 EPS by 21c, Revenues Beat; Guides

MongoDB (NASDAQ: MDB) reported Q1 EPS of ($0.15), $0.21 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $181.6 million versus the consensus estimate of $170 million.

"MongoDB delivered an excellent start to fiscal 2022, highlighted by 73% growth of Atlas. Five years ago this month we launched Atlas with the idea that customers would value a fully managed MongoDB database as a service offering from the company that built MongoDB. Today, Atlas is nearly a $400 million revenue run rate business, and represents, for the first time, the majority of our revenue," said Dev Ittycheria, President and Chief Executive Officer of MongoDB.

"These results are strong validation for a modern data application platform that empowers developers to rapidly build flexible and highly scalable applications across a broad range of use cases. MongoDB\'s strong product-market fit, as evidenced by the wide variety of customers, from cutting-edge start-ups to the world\'s largest businesses, puts us in a great position to continue to generate high growth at scale."

GUIDANCE:

MongoDB sees Q2 2022 EPS of ($0.43)-($0.40), versus the consensus of ($0.33). MongoDB sees Q2 2022 revenue of $180-183 million, versus the consensus of $181.06 million.

MongoDB sees FY2022 EPS of ($1.38)-($1.25), versus the consensus of ($1.43). MongoDB sees FY2022 revenue of $771-784 million, versus the consensus of $764.65 million.

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

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