MongoDB (NASDAQ: MDB) reported second-quarter 2021 financial results after the closing bell on Wednesday. The software company reported a 39% increase in Q2 revenues to $138.3 million, beating Wall Street consensus. Adjusted loss per share of $0.22 per share was also narrower than what analysts had anticipated.
The topline was driven by a 66% growth in Atlas revenue.
Buoyed by the strong results, the company raised its revenue outlook for fiscal 2021 to $549- 554 million. During this period, adjusted loss per share is projected between $1.21 and $1.29.
For the third quarter, MongoDB expects a loss of 45-48 cents per share on revenues of $137-139 million.
MDB shares rose 1% immediately following the announcement. The stock has gained 80% so far this year.
“While we continue to expect to see an impact from COVID-19 on our business, the strength of our modern data platform and the rising importance of digital transformation and cloud migration are making MongoDB an increasingly strategic partner for our customers,” CEO Dev Ittycheria said in a statement.
_____
Most Popular
Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights
Verizon Communications Inc. (NYSE: VZ) reported first quarter 2024 earnings results today. Total operating revenue was $33 billion, up 0.2% from the same period last year. Net income attributable to
NextTrip stands out as one of the most descriptive names in travel sector: CEO
NextTrip, Inc. (NASDAQ: NTRP) is a technology-driven travel agency that offers travel booking and interactive travel media solutions. The online platform allows travelers to book accommodation and transportation services including
What to look for when American Airlines (AAL) reports Q1 2024 earnings results
Shares of American Airlines Group Inc. (NASDAQ: AAL) rose 1% on Friday. The stock has gained over 3% over the past three months. The airline is scheduled to report its first