Mongodb - MDB STOCK NEWS

MongoDB (MDB) reported strong Q4 FY2025 results with total revenue reaching $548.4 million, up 20% year-over-year. Full-year revenue hit $2.01 billion, growing 19% compared to the previous year. MongoDB Atlas, representing 71% of Q4 revenue, showed robust growth of 24% year-over-year.

The company achieved significant customer growth, surpassing 54,500 customers. Q4 highlights include a net income of $15.8 million ($0.20 per share), compared to a net loss of $55.5 million in the year-ago period. Non-GAAP net income reached $108.4 million ($1.28 per share).

Notable developments include the acquisition of Voyage AI to enhance AI-powered applications, completion of 2026 Convertible Notes redemption, and announcement of a $200 million stock buyback program. The company maintains a strong financial position with $2.3 billion in cash and investments as of January 31, 2025.

MongoDB (NASDAQ: MDB) has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference in San Francisco. The company will be represented by Chief Executive Officer Dev Ittycheria and Interim Chief Financial Officer Serge Tanjga.

The presentation is scheduled for Thursday, March 6, 2025, at 11:30 a.m. Pacific Time (2:30 p.m. Eastern Time). Investors and interested parties can access a live webcast of the presentation through MongoDB's investor relations website. A replay will be available for a time after the event.

MongoDB (NASDAQ: MDB) has acquired Voyage AI, a pioneer in embedding and reranking models for AI applications. The acquisition aims to address AI hallucination challenges by enabling more accurate and relevant information retrieval deeply integrated with operational data.

Voyage AI's technology specializes in extracting meaning from specialized domain-specific text and unstructured data, including legal documents, financial documents, images, code, and enterprise knowledge bases. Their models are currently used by AI innovators like Anthropic, LangChain, Harvey, and Replit, and are recognized as the highest-rated zero-shot models in the Hugging Face community.

The integration will help organizations build more trustworthy AI-powered applications, particularly for mission-critical use cases where accuracy is essential. Voyage AI's services will continue to be available through voyage.ai, AWS Marketplace, and Azure Marketplace, with MongoDB integrations planned for later this year.

MongoDB (NASDAQ: MDB) has announced it will release its fourth quarter and full year fiscal 2025 financial results for the period ended January 31, 2025, after U.S. market close on Wednesday, March 5, 2025.

The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss financial results and business outlook. Investors can access the live webcast through MongoDB's Investor Relations website. A replay will be available for a time.

MongoDB (NASDAQ: MDB) announced a partnership with Lombard Odier, a Swiss private bank, to modernize its banking technology systems using generative AI. The collaboration has significantly accelerated the bank's modernization process, achieving 50-60 times faster code migration and 20 times faster application migration from legacy databases to MongoDB.

The partnership is part of Lombard Odier's GX Program, a seven-year modernization initiative launched in 2020. The bank implemented MongoDB for its portfolio management system (PMS), which manages financial instruments and powers their online banking application 'MyLO'. Through MongoDB's Modernization Factory service, the bank developed customized AI tooling that automated integration testing and code generation, reducing project times from days to hours.

MongoDB (NASDAQ: MDB) has announced its participation in the 27th Annual Needham Growth Conference. Chief Operating Officer and Chief Financial Officer Michael Gordon, along with Senior Vice President of Finance Serge Tanjga, will deliver a virtual presentation on Thursday, January 16, 2025, at 3:45 p.m. Eastern Time.

The presentation will be accessible through a live webcast on the Events page of MongoDB's investor relations website. Interested parties can view the presentation at https://investors.mongodb.com/news-events/events, and a replay will be available for a time after the event.

MongoDB (MDB) reported strong Q3 FY2025 results with total revenue reaching $529.4 million, up 22% year-over-year. MongoDB Atlas revenue grew 26%, representing 68% of total Q3 revenue. The company expanded its customer base to over 52,600.

Financial highlights include subscription revenue of $512.2 million (+22% YoY), gross profit of $394.0 million (74% margin), and a net loss of $9.8 million ($0.13 per share). Non-GAAP net income was $98.1 million ($1.16 per share).

The company announced CFO Michael Gordon will step down on January 31, 2025. For Q4 FY2025, MongoDB projects revenue between $515.0-$519.0 million and full-year revenue of $1.973-$1.977 billion.

MongoDB (NASDAQ: MDB) has announced its participation in the Barclays 22nd Annual Global Technology Conference in San Francisco. President and CEO Dev Ittycheria, along with COO and CFO Michael Gordon, will deliver a presentation on Wednesday, December 11, 2024, at 9:15 AM PT (12:15 PM ET).

The presentation will be accessible through a live webcast on MongoDB's investor relations website's Events page. A replay option will be available for a duration following the event.

MongoDB announced the expansion of its AI Applications Program (MAAP) with new partners including Capgemini, Confluent, IBM, QuantumBlack, AI by McKinsey, and Unstructured. The company is also collaborating with Meta on Llama to support developers. The program has already helped customers like CentralReach, which uses MAAP for its AI-powered autism care platform. The expansion follows MongoDB's introduction of vector quantization to Atlas Vector Search, reducing vector sizes while maintaining performance at lower costs. The MAAP Center of Excellence Team has worked with over 150 organizations on various technical challenges since the program's launch in 2024.