MongoDB CEO Dev Ittycheria
Adam Jeffery | CNBC
mongodb Stocks accounted for 16% of Wednesday’s expansion trading after database software manufacturers issued disappointing guidance.
Here is how the company compares to the LSEG consensus:
- Earnings per share: $1.28 adjusted with 66 cents expected
- income: $544.4 million vs. $519.6 million
Revenue rose about 20% year ago based on the quarter ended on January 31 statement. The company generated $15.8 million in net income, 19 cents per share, which is based on the stock’s compensation. MongoDB’s net loss was $55.5 million, or 77 cents per share in the same quarter a year ago.
MongoDB added 1,900 customers in the quarter, bringing the total to 54,500. But the company ended the quarter with about $360 million in deferred revenue, down from a street box office consensus of $370.4 million.
MongoDB is growing slowly using its Atlas Cloud-based database services in new applications, Srdjan Tanjga, interim financial director at MongoDB, said on a conference call with analysts. Meanwhile, MongoDB is quickly hiring more deals with large companies while returning medium-sized businesses.
MongoDB acquires AI startup this quarter voyage For the undisclosed sum.
“We want to take advantage of a generational opportunity that was once a generation,” said CEO Dev Ittycheria.
In the first quarter, MongoDB demanded revenue of 63 cents to 67 cents at $524 million to $529 million. Analysts surveyed by LSEG expect earnings of 62 cents per share, with revenue of $526.8 million.
Mongodb said it expects to receive adjusted earnings per share of $2.44 to $2.62, with revenue of $2.24 billion to $2.28 billion in fiscal 2026. That means revenue has increased by 12.7%, at least the slowest interest rate the company has since publicized in 2017. Analysts expect revenue of $3.34 per share and revenue of $234 million and revenue of $2.33 billion and revenue of $232 million.
MongoDB shares rose 13% before Wednesday’s after-hours move, while the S&P 500 fell about 1%.
watch: MongoDB stock fell more than 10% as non-extra profit margins were lighter than expected
