MongoDB, Inc. Announces Second Quarter Fiscal 2021 Financial Results

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Go back to MongoDB, Inc. Announces Second Quarter Fiscal 2021 Financial Results

MongoDB (MDB) Tops Q2 EPS by 17c, Revenues Beat; Offers 3Q & FY21 EPS/Revenue Guidance

September 2, 2020 4:09 PM EDT

MongoDB (NASDAQ: MDB) reported Q2 EPS of ($0.22), $0.17 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $138.3 million versus the consensus estimate of $126.77 million.

Second Quarter Fiscal 2021 Financial Highlights

Revenue: Total revenue was $138.3 million in the second quarter fiscal 2021, an increase of 39% year-over-year. Subscription revenue was $132.5 million, an increase of 41% year-over-year, and services revenue was $5.8 million, an increase of 11% year-over-year.Gross Profit: Gross profit was $96.0 million in the second quarter fiscal 2021, representing a 69% gross margin, compared to 70% in the year-ago period. Non-GAAP gross profit was $99.7 million, representing a 72%... More