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Cloud Stocks: MongoDB Accelerates Atlas Enhancements for Developers

According to a recent report, the Cloud Database and DBaaS Market grew at 11% CAGR from 2019 to 2022. It is expected to grow at 15% CAGR to reach $40 billion by 2029 from $16 billion in 2022. MongoDB (Nasdaq: MDB) recently reported its first-quarter results that surpassed market expectations. MongoDB's Financials MongoDB's revenues for the quarter grew 29% to $368.3 million, ahead of the market's forecast by 6.35%. Adjusted earnings of $0.56 per share was also ahead of the Street's forecast of $0.19 per share. By segment, Subscription revenues grew 29% to $354.7 million, and Services revenues grew 25% to $13.6 million. For the second quarter, MongoDB expects revenues of $388-$392 million and a net income of $0.43-$0.46 per share. It expects to end the year with revenues of $1.522-$1.542 billion and a net income of $1.42-$1.56 per share. The market was looking for revenues of $357.46 million for the quarter with earnings of $0.15 per share and revenues of $1.5 billio

MongoDB Launches Four New Capabilities for Developers to Reduce the Operational Overhead of Building Applications

MongoDB (MDB) Launches Four New Capabilities for Developers to Reduce the Operational Overhead of Building Applications

MongoDB (MDB) Launches Four New Capabilities for Developers to Reduce the Operational Overhead of Building Applications
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