Welcome to our dedicated page for Mongodb news (Ticker: MDB), a resource for investors and traders seeking the latest updates and insights on Mongodb stock.
MongoDB, Inc. develops a document-oriented database and unified data platform for modern applications. Company news commonly covers MongoDB Atlas, its fully managed cloud offering; MongoDB Enterprise Advanced, its self-managed enterprise product; and platform capabilities spanning operational data, search, real-time analytics, vector search, embeddings, and AI-powered data retrieval.
Recurring updates include quarterly earnings announcements, Atlas revenue trends, product releases tied to AI agent workloads, customer adoption, executive and product leadership changes, investor presentations, and expansion of engineering and customer-facing operations. The company serves developers and enterprise customers across industries through a cloud and software platform model.
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MongoDB, Inc. reported its financial results for Q4 and full year fiscal 2023, with total revenue of $361.3 million in Q4, marking a 36% year-over-year increase. The full year revenue reached $1,284.0 million, up 47% year-over-year. MongoDB Atlas revenue grew 50% year-over-year, constituting 65% of Q4 total revenue. The company had over 40,800 customers as of January 31, 2023. Despite these gains, losses persisted, with a net loss of $64.4 million in Q4 and $345.4 million for the full year. Looking ahead, MongoDB expects Q1 FY 2024 revenue between $344.0 million and $348.0 million.
MongoDB, Inc. (NASDAQ: MDB) announced that its CEO, Dev Ittycheria, and CFO, Michael Gordon, will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA. The presentation is scheduled for March 9, 2023, at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time). A live webcast will be available on MongoDB's investor relations website. With over 39,100 customers in more than 100 countries and over 325 million downloads of its database platform, MongoDB continues to empower innovators and disrupt industries through its developer data platform.
MongoDB (NASDAQ: MDB) announced it will release its fourth quarter and full year fiscal 2023 financial results on March 8, 2023, after U.S. market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results and future business outlook. The call can be accessed via a webcast or by phone through a provided registration link. MongoDB has over 39,100 customers worldwide and its database platform has been downloaded over 325 million times.