Investing.com -- MongoDB (NASDAQ: MDB) reported first quarter fiscal 2027 results that exceeded analyst expectations and raised its full-year outlook, driven by strong demand for its database platform across enterprise and AI applications.

The company posted adjusted earnings per share of $1.32, beating the analyst consensus of $1.19 by $0.13. Revenue reached $687.6 million, up 25% YoY and surpassing the $664 million estimate. Atlas revenue, the company's cloud database offering, grew more than 29% YoY, while Enterprise Advanced and other revenue increased more than 13% YoY.

MongoDB shares surged 14% in after-hours trading Thursday, building on a 10.6% intraday gain, as investors responded positively to the company's raised guidance. For the second quarter, MongoDB expects revenue of $729 million to $734 million, with the midpoint of $731.5 million well above the $699 million consensus. The company also raised its full-year fiscal 2027 revenue guidance to $2.92 billion to $2.96 billion, compared to the $2.9 billion consensus.

"We delivered better-than-expected first quarter results, as our go-to-market teams continue to execute well and capitalize on strong end-market demand for the MongoDB platform across enterprise use cases and emerging AI opportunities," said CJ Desai, President and Chief Executive Officer of MongoDB.

For the second quarter, MongoDB projects adjusted EPS of $1.58 to $1.61, with the midpoint of $1.60 significantly exceeding the $1.28 consensus. Full-year adjusted EPS guidance of $5.95 to $6.14 also topped the $5.84 estimate, with a midpoint of $6.05.

The company reported 2,895 customers generating over $100,000 in annual recurring revenue, up from 2,506 in the year-ago period. Operating cash flow reached $201.6 million, nearly doubling from $109.9 million YoY.