MongoDB, Inc. Announces Second Quarter Fiscal 2020 Financial Results

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Go back to MongoDB, Inc. Announces Second Quarter Fiscal 2020 Financial Results

MongoDB (MDB) Tops Q2 EPS by 2c, Revenues Beat; Offers Q3 & FY20 EPS/Revenue Guidance

September 4, 2019 4:07 PM EDT

MongoDB (NASDAQ: MDB) reported Q2 EPS of ($0.26), $0.02 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $99.4 million versus the consensus estimate of $91.69 million.

Second Quarter Fiscal 2020 Financial Highlights

Revenue: Total revenue was $99.4 million in the second quarter fiscal 2020, an increase of 67% year-over-year. Subscription revenue was $94.2 million, an increase of 71% year-over-year, and services revenue was $5.2 million, an increase of 15% year-over-year.Gross Profit: Gross profit was $69.2 million in the second quarter fiscal 2020, representing a 70% gross margin, compared to 72% in the year-ago period. Non-GAAP gross profit was $71.1 million, representing a 72%... More