MongoDB Q1 FY 2024 Earnings Review
Update: 2023-07-14
Description
After guiding for a sequential 4% drop in revenue for Q1, MongoDB delivered a strong beat. More importantly, their preliminary estimate for Q2 revenue would achieve a reacceleration of annual growth if they outperform at the same level as Q1. The revenue projection for Q2 even leapfrogged past the analyst consensus for Q3. While the market expected some conservatism, this level of outperformance caught investors by surprise, with the stock surging 28% the next day.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
