From Nasdaq:

MongoDB is set to report Q4 fiscal 2024 results with revenues expected to be between $429 million and $433 million, showcasing a growth of 19.56% year over year. The company anticipates non-GAAP income from operations to be between $35-$38 million with estimated EPS between 44-46 cents.

In Q3 fiscal 2024, MongoDB’s Atlas revenues grew 36% year over year, and the company had over 44,900 Atlas customers. The company continues to focus on acquiring new customers, cross-selling, and retaining them. Product innovation efforts are resonating well, leading to higher satisfaction and engagement levels among customers.

In partnership with hyperscale vendors like AWS, Google Cloud, and Microsoft Azure, MongoDB is enhancing its offerings like Atlas Vector Search and Amazon CodeWhisperer integration. The company is also expanding AI capabilities, making it easier for developers to build next-generation applications, leading to improved customer experiences and high user engagement.

Despite a Zacks Rank #4 (Sell), MongoDB is making significant strides in expanding its customer base and enhancing its product offerings through strategic collaborations with industry giants. Keep an eye on the upcoming earnings report to see how these initiatives impact the company’s growth trajectory.



Read more at Nasdaq: MongoDB (MDB) to Report Q4 Earnings: What’s in the Offing?