MongoDB Jumps 30% in After-Hours Trading After Strong Quarterly Results
Reading Time: 2 minutes
The AI infrastructure expert MongoDB achieved significant revenue growth in the second quarter. Revenues climbed by 24% to $591 million, surpassing its own expectations. The cloud offering Atlas accounted for 74% of total revenue and grew by 29% year-over-year. The operating profit amounted to $87 million with a margin of 15%. The stock soared by an incredible 30% in after-hours trading. Atlas as a growth engine CEO Dev Ittycheria emphasized the growing importance of Atlas as a platform for AI infrastructure. Many new customers are using MongoDB...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
