MongoDB, Inc. Announces Third Quarter Fiscal 2021 Financial Results

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

MongoDB (MDB) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus

December 8, 2020 4:09 PM EST

MongoDB (NASDAQ: MDB) reported Q3 EPS of ($0.31), $0.13 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $150.8 million versus the consensus estimate of $138.69 million.

Third Quarter Fiscal 2021 Financial Highlights

Revenue: Total revenue was $150.8 million in the third quarter fiscal 2021, an increase of 38% year-over-year. Subscription revenue was $144.1 million, an increase of 39% year-over-year, and services revenue was $6.7 million, an increase of 19% year-over-year.Gross Profit: Gross profit was $104.7 million in the third quarter fiscal 2021, representing a 69% gross margin, compared to 71% in the year-ago period. Non-GAAP gross profit was $108.6 million, representing a 72%... More