MongoDB Shares Surge on Strong Q2 Results and Upbeat Guidance
The database software company beats earnings expectations and raises full-year outlook amid growing AI demand.
- MongoDB reported Q2 earnings of 70 cents per share, surpassing the 49-cent analyst estimate.
- Quarterly revenue reached $478.1 million, a 13% year-over-year increase.
- The company raised its full-year revenue guidance to $1.92-$1.93 billion.
- Sales of MongoDB Atlas, its multi-cloud database platform, grew 27%.
- Shares jumped over 15% in pre-market trading following the announcement.
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