MongoDB (MDB) Should See Strong Volumes and a Bump in Profitability - Needham
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MongoDB (MDB) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 & FY20 Revenue Guidance Above Consensus, Provides Q1 & FY20 EPS Views
March 17, 2020 4:09 PM EDTMongoDB (NASDAQ: MDB) reported Q4 EPS of ($0.25), $0.03 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $123.5 million versus the consensus estimate of $110.57 million.
Fourth Quarter Fiscal 2020 Financial Highlights
Revenue: Total revenue was $123.5 million in the fourth quarter fiscal 2020, an increase of 44% year-over-year. Subscription revenue was $117.8 million, an increase of 46% year-over-year, and services revenue was $5.7 million, an increase of 17% year-over-year.Gross Profit: Gross profit was $88.7 million in the fourth quarter fiscal 2020, representing a 72% gross margin, compared to 70% in the year-ago period. Non-GAAP gross profit was $91.2 million, representing a 74%... More