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
CL Earnings: Key quarterly highlights from Colgate-Palmolive Company’s Q4 2022 financial results
Colgate-Palmolive Company (NYSE: CL) reported fourth quarter 2022 earnings results today. Net sales increased 5% year-over-year to $4.62 billion. Organic sales growth was 8.5%. Net income attributable to Colgate-Palmolive Company was
Key highlights from Chevron Corporation’s (CVX) Q4 2022 earnings results
Chevron Corporation (NYSE: CVX) reported fourth quarter 2022 earnings results today. Total revenues and other income were $56.4 billion compared to $48.1 billion in the year-ago period. Net income attributable
AXP Earnings: All you need to know about American Express’ Q4 2022 earnings results
American Express Company (NYSE: AXP) reported fourth quarter 2022 earnings results. Consolidated total revenues net of interest expense were $14.2 billion, up 17% from a year ago. Net income was