MongoDB Surges as Earnings and Revenue Beat Projec…

From Financial Modeling Prep: 2024-12-10 02:57:00

MongoDB (NASDAQ:MDB) saw shares surge by 11% in after-hours trading post its strong quarterly financial results. Revenue jumped by 22% to $529.4 million, beating estimates of $497.65 million. Non-GAAP earnings per share were $1.16, surpassing the expected 67 cents.

The company forecasts revenue for fiscal 2025 to be between $1.973 billion and $1.977 billion, with non-GAAP earnings per share projected at $3.01 to $3.03.

Chief Operating Officer and CFO Michael Gordon of MongoDB will step down at the end of January, transitioning into an advisory role. The company is in search of a new CFO, considering internal and external candidates for the position.



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