The company highlighted impressive growth from its product Atlas, which showed 83% growth year-over-year and now makes up well over half the firm's total revenue. Average . MongoDB be claims to have more than 11,000 Atlas customers, although some 4,000 of those were acquired from its recent mLab acquisition. Continued Strong Customer Growth with Over 33,000 Customers as of January 31, 2022 MongoDB Atlas Revenue up 85% Year-over-Year; 58% of Total Q4 Revenue. The bulk of MongoDB's revenue growth was on the back of subscription sales, which accounted for $191.4 million of the total, up 44%. Continued Strong Customer Growth with Over 29,000 Customers as of July 31, 2021. Ittycheria said that the Atlas is now approaching a $0.5 billion run rate. Earnings per Share Growth Forecasts. Year-over-year revenue growth topped our estimate by a whopping 10-plus percentage points, leading to positive non-GAAP earnings per . MongoDB is always changing and innovating — not only in our technology, but also in our sales go-to-market strategy. MongoDB's 50% revenue growth put total revenue for fiscal Q3 at $227 million. MongoDB Inc. The vast majority of revenue for MongoDB (MDB-4.73%) comes from its namesake database. Revenue for the quarter was $99.37, beating analyst expectations by $7.67 million. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. This was far beyond analysts' average forecast for revenue of $205 million during the period. In the 3 years since Atlas was launched, it has already exceeded $100 million in annual revenue, and now accounts for 34% of MongoDB's revenue. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide . The company provides database platform to run applications at scale across a varied range of use cases in the cloud, on-premise and in a . In fiscal 2020, MongoDB's research and development expenses grew 66% YoY, which was up from 44% YoY in fiscal 2019. Upgrade. The company has yet to show a profit but revenue keeps growing at a double-digit pace each quarter. Access 4000+ stock metrics covering valuations, financials, risk, returns and more. MONGODB 's revenue in 2022 is $873,782,000.On average, 5 Wall Street analysts forecast MDB's revenue for 2023 to be $79,107,347,706, with the lowest MDB revenue forecast at $78,782,353,606, and the highest MDB revenue forecast at . Annual Run-Rate Revenue (ARR) ended the quarter at $426 million, an increase of 36% year-over . Find the latest Revenue (Quarterly) Yoy Growth for MongoDB (MDB) MongoDB said subscription revenue was up 71% and services revenue was up 15% compared to a year ago. Revenue totaled $198.7 million, up 44% from a year earlier and beating analysts' expectations of $182.4 million. The Enterprise Account Executive role focuses exclusively on formulating and executing a sales strategy within an assigned territory, resulting in revenue growth and new customer acquisition. Future Return on Equity. Revenues of $89.4 million surged 73.8% year over year and comfortably surpassed the consensus mark of $83 million. For its fourth quarter, MongoDB expects revenue in the range of $239 million to $242 million . In the third quarter fiscal 2020 financial results. Read more on seekingalpha.com. No-moat MongoDB started its fiscal 2023 with few query worries. The company has an average price target of $379.0 with a high of $500.00 and a low of $270.00. As part of its revenue growth strategy, MongoDB has been adding support for more enterprise use . Growth in Atlas has been above 80% for several quarters in a row now. MongoDB had a negative net margin of 32.75% and a negative return on equity of . Maximum Apr 2019. Subscription revenue was $94.2 million, up 71% year-on-year, while . Services revenue hit $9.0m, up 35 over the same period. • MongoDB (NASDAQ:MDB) shares trade 8% higher premarket on Thursday after the database company posted easy beat on both lines in Q1 2022 earnings …. Meanwhile, core earnings declined from -$96 million to -$158 million over the same time, per Figure 1. Adding to the strong quarter, we introduced Managed MongoDB which will continue to drive the revenue growth from our managed service offerings." Second Quarter 2021 Financial Highlights: Revenue was $103.8 million, an increase of 35% year-over-year. From fiscal 2018-2020, MongoDB has grown revenue by an impressive 65% compounded annually. Now what. MongoDB's Profitless Revenue Growth. The YoY growth in costs is rising while revenue growth is slowing. (NASDAQ: MDB) MONGODB's forecast annual revenue growth rate of 28.79% is forecast to beat the US Software . There is a chance that revenue growth could accelerate back about 50 percent per year as more IT projects get back on track, and even with a recession, which always accelerates technology transitions, MongoDB could . It now expects an adjusted net loss per share of 74 cents to 71 cents on $846.3 million to $849.3 million in revenue, compared with a . Minimum Jan 2018. Continued Strong Customer Growth with Over 35,200 Customers as of April 30, 2022. Atlas' strong performance is the largest contributor to MongoDB's growth, where the cloud platform grew 83% in revenue in Q2 compared to the same period last year. MongoDB's 50% revenue growth put total revenue for fiscal Q3 at $227 million. MongoDB said subscription revenue was up 71% and services revenue was up 15% compared to a year ago. Revenue of $285.4M (+57.2% Y/Y) beats. MongoDB Inc (MDB) . NEW YORK, March 8, 2022 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced its financial results for the fourth quarter and . The share-price hike was also based on MongoDB projecting revenue for its Q4 ended January of $242m compared to analyst estimates of $226m. Dell reports 17% revenue growth for FY 2022 . News provided by. For the year, MongoDB now expects revenue between $574.4 million and $576.4 million, up from its previous range of $549.0 million to $554.0 million. MongoDB delivered a banner quarterly report in early December, beating expectations on all fronts. MongoDB Solid Revenue Growth Supports the Uptrend. Over the longer-term, MongoDB's database opportunity shows plenty of promise. Traditional database vendors such as Microsoft and Oracle are . In the last 3 months, 16 analysts have offered 12-month price targets for MongoDB. Growth and Adoption: MongoDB is the only vendor on our shortlist not to be publicly traded (Oracle is, but their focus is not only on OSS), so we can look at their revenue and customer growth numbers. Services revenue came to $7.4 million, up 27% from a year ago MongoDB, on the other hand, will likely land in the $1.5 billion to $1.6 billion range in FY 2024. Revenue increased by 61%, driven by a 63% increase in subscription revenue, to $52.9 million. MDB EV-to-Revenue as of today (June 08, 2022) is 19.94. In depth view into MongoDB Revenue (Annual YoY Growth) including historical data from 2017, charts and stats. Upgrade. This was far beyond analysts' average forecast for revenue of $205 million during the period. The analyst added that Atlas is increasingly becoming MongoDB's primary growth . Find the latest Revenue (Quarterly) Yoy Growth for MongoDB (MDB) . "MongoDB delivered exceptional fourth-quarter results, highlighted by delivering 85% Atlas revenue growth and surpassing $1 billion in annualized revenue," said Dev Ittycheria, MongoDB chief . MongoDB Inc (MDB) . In depth view into MongoDB Revenue (Quarterly YoY Growth) including historical data from 2017, charts and stats. MongoDB, Inc. Sep 02, 2021 . Atlas now represents 56% of total revenue at MongoDB, compared to 44% in Q2 last year. In depth view into MongoDB EV-to-Revenue explanation, calculation, historical data and more . It now expects an adjusted net loss per share of 74 cents to 71 cents on $846.3 million to $849.3 million in revenue, compared with a . The company had revenue of $285.45 million for the quarter, compared to analysts' expectations of $267.10 million. Revenue (Quarterly YoY Growth) Range, Past 5 Years. The highlight was their continued revenue growth acceleration over the past four quarters. MongoDB Q1 Earnings: Delivers A Very Strong Result And Guidance . Revenue: Total revenue was $198.7 million in the second quarter fiscal 2022, an increase of 44% year-over-year. The revenue growth was MongoDB's strongest in nine quarters, but the company couldn't avoid growing its overall losses as well. MongoDB raised its guidance for the full 2022 fiscal year. Director, Growth Analytics at MongoDB Brooklyn, New York, United States 500 . MongoDB Atlas Revenue up 82% . The company issued revenue guidance of $279.00 million-$282.00 million, compared to the consensus revenue estimate of $277.85 million.MongoDB also updated its FY 2023 guidance to -$0.31-$0.16 EPS. Financially, Q2 revenue was up 67% year-on-year, while the operating loss was halved year-on-year to $14.8 million. Broken down by category, the database biz reported Q3 subscription revenue of $217.9m, an increase of 51 per cent year-on-year. The company guided for a third-quarter non-GAAP EPS loss of between 27 cents and 29 cents and third-quarter revenue of between $98 million and $100 million. MongoDB H1'17 revenue: $67.99 . MongoDB saw a portion of revenue growth coming from expansions, price increases, and product . This was far beyond analysts' average forecast for revenue of $205 million during the period. However, that growth has come with stiff costs. The company guided for a third-quarter non-GAAP EPS loss of between 27 cents and 29 cents and third-quarter revenue of between $98 million and $100 million. This rate will likely moderate over the next couple of quarters, but will continue to pull overall revenue growth upwards. MongoDB Atlas for government . Annual stock financials by MarketWatch. High Growth Revenue: MDB's revenue (24.7% per year) is forecast to grow faster than 20% per year. MongoDB Atlas Revenue up 83% Year-over-Year; 56% of Total Q2 Revenue. MongoDB added 800 new logos in its second quarter to bring the total customer count to 15,000, essentially double where the firm was at this time last year. Like many high-tech companies, MongoDB has seen explosive revenue growth, posting sales of $101.4 million last year, up from $65.3 million in the year-ago period, and $40.8 million two years prior . Revenue (Quarterly) Yoy Growth is a widely used stock evaluation measure. For the current fiscal year (which will end in January 2023), MongoDB now expects revenue to be at least $1.172 billion -- representing year-over-year growth of 34% or more. For the quarter, it posted a net loss of $84.4 million, compared . The report sent MongoDB shares up 3% in late trading. Primary analyst working on revenue, pricing, and growth metrics to achieve year-over-year revenue and customer targets MongoDB rallies after solid earnings beat on Atlas revenue growth. . Subscription revenue was $191.4 . MongoDB, Inc. Even the licensed version of MongoDB (Enterprise Advanced) experienced sustained growth in Q1 of 30% . MongoDB Inc, the US-based general-purpose database platform, has impressed investors with its strong financial numbers and impressive demand for its products. MongoDB raised its guidance for the full 2022 fiscal year. As investors will recall, MongoDB was impacted by a COVID-driven slowdown in IT spend that pushed revenue growth into the high 30% range in 2020. MongoDB annual/quarterly revenue history and growth rate from 2017 to 2022. View Revenue (Annual YoY Growth) for MDB. The firm remains deeply unprofitable, despite having had a decade for it annual recurring revenue (ARR) to compound. MongoDB's revenue grew 57% year-over-year, to $285.4 million, during the quarter ended April 30. Just over half of total revenue is derived from Atlas, the company's cloud database service, while much of . Second Quarter Fiscal 2022 Financial Highlights. First Quarter Fiscal 2023 Total Revenue of $285.4 million, up 57% Year-over-Year. Over the last three years MongoDB has grown its revenue at 36% annually. Below is a summary of how these 16 analysts rated MongoDB over the past 3 months. The company continues to add ~2k customers per quarter . Provides Revenue Guidance for the Fiscal Second Quarter and Full Year of 2023. MongoDB (MDB) shares trade 8% higher premarket on Thursday after the database company posted easy beat on both lines in Q1 2022 earnings report. The latest FY'21 Street-high revenue estimate of $564.4 million represents growth of 38%. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. MongoDB Total and Atlas Revenue, Author's Table. MongoDB. Jun 02. Upgrade. View the latest MDB financial statements, income statements and financial ratios. MongoDB beats on revenues as Atlas customer adoption soars. Let's go through the company's vitals to ground ourselves, starting with revenue, and revenue growth: MongoDB H1'16 revenue: $45.12 million. The fact that MongoDB saw its revenue growth accelerate to 57% y/y despite being at a $1 billion annual revenue scale is quite impressive. For the quarter, it posted a net loss of $84.4 million, compared . Core earnings have fallen even further, to -$178 million, over the trailing-twelve-month (TTM) period. . The revenue growth was MongoDB's strongest in nine quarters, but the company couldn't avoid growing its overall losses as well. You can see Snowflake is growing faster at 85% this past quarter and is projected to grow faster . A strong end to 2019 for MongoDB on Wall Street as the firm turned in strong Q3 revenue growth and narrower than expected losses, sending the company's share price up on Wall Street. Revenue for the quarter was $99.37, beating analyst expectations by $7.67 million. Revenues were up 52% year-on-year to $109.4 million, comfortably beating expectations of $97.5 million. Dell reports 17% revenue growth for FY 2022, despite Q4 losses; HPE raises FY 2022 outlook after Q1 revenue doubled year-over-year; MongoDB added 800 customers to reach 14,200 at the end of first-quarter . MongoDB's strong customer growth again caused its top-line revenue to surge. Over the longer-term, MongoDB's database opportunity shows plenty of promise. Revenue (Quarterly) Yoy Growth is a widely used stock evaluation measure. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The latest FY'21 Street-high revenue estimate of $564.4 million represents growth of 38%. MongoDB's 50% revenue growth put total revenue for fiscal Q3 at $227 million. Revenue growth in the past three years has averaged 50 percent, with a slowdown in fiscal 2021 when the pandemic was at its worst. That's well above most pre . MongoDB MDB reported first-quarter fiscal 2020 adjusted loss of 22 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 24 cents and the year-ago quarter's loss of 37 cents. Seeking Alpha - Shweta Agarwal • 11h.