MongoDB, Inc. Announces Third Quarter Fiscal 2020 Financial Results
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MongoDB (MDB) Tops Q3 EPS by 2c, Revenues Beat; Offers Q4 & FY20 EPS/Revenue Guidance Above Consensus
December 9, 2019 4:08 PM ESTMongoDB (NASDAQ: MDB) reported Q3 EPS of ($0.26), $0.02 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $109.4 million versus the consensus estimate of $99.79 million.
"MongoDB's terrific third quarter results are the latest example of how the powerful combination of our modern data platform and sophisticated go-to-market efforts are driving increased adoption by both new and existing customers," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. "The rapid growth of Atlas, which now comprises 40% of our business, is a clear demonstration that customers of all sizes recognize the value and... More
