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Cloud Stocks: MongoDB Focuses on Verticalized Offerings

MongoDB (Nasdaq: MDB) recently reported its second-quarter results that blew past all market expectations. The market was pleased with its performance and sent the stock soaring 8% in the after-hours trading session. MongoDB's Financials MongoDB's revenues for the quarter grew 40% to $423.8 million, ahead of the market's forecast of $389.93 million. It ended the quarter with a net loss of $37.6 million, or $0.53 per share, compared to a net loss of $118.9 million, or $1.74 per share a year ago. Adjusted net income was $0.93 per share, compared to a net loss of $0.23 per share a year ago. The market was looking for an adjusted net income of $0.45 per share. By segment, Subscription revenue grew 40% to $409.3 million, and Services revenue grew 20% to $14.5 million. For the current quarter, MongoDB expects revenues of $400-$404 million and net income of $0.47-$0.50 per share. The market was looking for revenues of $381.9 million and earnings of $0.25 per share. It expects ....

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MongoDB, Inc. Announces Second Quarter Fiscal 2024 Financial Results

Second Quarter Fiscal 2024 Total Revenue of $423.8 million, up 40% Year-over-Year ....

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MongoDB, Inc. Announces Second Quarter Fiscal 2024 Financial Results

Second Quarter Fiscal 2024 Total Revenue of $423.8 million, up 40% Year-over-Year
Continued Strong Customer Growth with Over 45,000 Customers as of July 31, 2023
MongoDB Atlas Revenue up 38%. ....

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MongoDB Embraces AI & Reduces Developer Friction With New Features

MongoDB introduces AI and generative AI features, including LLM. MongoDB introduces new program for AI apps. MongoDB adds features for developer productivity, ....

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MongoDB unveils AI Innovators program

In a major announcement at its developer conference, MongoDB has launched the MongoDB AI Innovators Program. ....

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