Pivotal Point Tracking MongoDB (MDB): Cloud Platform Atlas Impresses in Q3 with an Increase of about 30%!
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MongoDB is a provider of modern, document-oriented databases. On December 2nd, excellent quarterly results triggered a pivotal point. Revenue in the 3rd quarter climbed significantly above market expectations, with the cloud platform Atlas being the main driver, showing an increase of about 30%. What was particularly impressive was that management raised the annual forecast and reported dynamic new customer business among large enterprises. This fundamental breakout signals that MongoDB has definitively moved past the phase of IT spending restraint....
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