Mongodb - MDB STOCK NEWS

MongoDB, Inc. (NASDAQ: MDB) announced its participation in two upcoming virtual conferences: the Goldman Sachs Virtual Technology and Internet Conference 2021 on January 12, 2021, at 9:40 AM ET, and the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 10:00 AM ET. The presentations will be made by key executives including President Dev Ittycheria, CFO Michael Gordon, and VP Serge Tanjga. Live webcasts of the events will be available on the MongoDB investor relations website, with replays accessible later.

MongoDB, Inc. (MDB) reported strong Q3 FY2021 results with a revenue of $150.8 million, up 38% year-over-year. Subscription revenue rose 39% to $144.1 million. Gross profit was $104.7 million with a 69% margin. However, the company incurred a net loss of $72.7 million, or $1.22 per share, compared to $42.4 million loss in the prior year. MongoDB forecasts Q4 revenue between $155 million and $157 million and full-year revenue of $574.4 million to $576.4 million.

MongoDB, Inc. (NASDAQ: MDB) announced that its COO, Michael Gordon, and VP of Finance, Serge Tanjga, will present at the UBS Global TMT Conference on December 9, 2020, at 10:15 AM ET, and the Barclays Global Technology, Media, and Telecommunications Conference on December 10, 2020, at 9:30 AM ET. Both presentations will be webcast live. The company supports more than 20,200 customers globally and has over 125 million downloads of its database platform. Interested parties can access the webcasts at MongoDB’s investor relations website.

MongoDB, Inc. (NASDAQ: MDB) is set to report its third quarter fiscal year 2021 financial results for the period ending October 31, 2020, on December 8, 2020, following the U.S. market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss financial outcomes and future business outlook. MongoDB is recognized as a leading modern database platform with over 20,200 customers and more than 125 million downloads of its database software.

MongoDB, Inc. (NASDAQ: MDB) has announced the launch of multi-cloud clusters for its MongoDB Atlas database platform, allowing customers to deploy a fully managed database across AWS, Google Cloud, and Microsoft Azure simultaneously. This feature enables organizations to replicate data across 79 cloud regions, facilitating seamless migration between providers and leveraging unique offerings like AI and analytics. The new clusters enhance cross-cloud resiliency, automatically failing over to ensure low latency and compliance. With over 18,800 customers, MongoDB Atlas is positioned as a leader in cloud database solutions.

MongoDB, Inc. (NASDAQ: MDB) announced that COO Michael Gordon and VP of Finance Serge Tanjga will present at Citi's 2020 Global Technology Virtual Conference on September 9, 2020, at 11:40 a.m. Eastern Time. The presentation will be accessible via a live webcast on MongoDB's investor relations website, with a replay available for a limited time. MongoDB is a leading modern database platform, serving over 20,200 customers globally and boasting over 125 million downloads.

MongoDB, Inc. reported strong Q2 fiscal 2021 results with $138.3 million in revenue, a 39% increase year-over-year. Subscription revenue grew 41% to $132.5 million. Despite a net loss of $64.5 million or $1.10 per share, the company is confident in its outlook, raising its fiscal 2021 revenue guidance to between $549 million and $554 million. MongoDB adjusted its operational strategy and strengthened its executive team, indicating a commitment to continued growth amidst competitive market conditions.

On August 17, 2020, MongoDB announced the appointment of Rishi Dave as Chief Marketing Officer. With over 20 years in technology marketing, Dave joins from Vonage and has previous experience at Dun & Bradstreet, Dell, and Bain & Company. He will lead various marketing initiatives, aiming to enhance MongoDB's position in the vast database market. CEO Dev Ittycheria expressed confidence in Dave's ability to drive growth and expand market strategy, essential for capitalizing on MongoDB's extensive developer and organizational base.

MongoDB, a leading modern database platform, will report its second quarter fiscal year 2021 financial results on September 2, 2020, after market close. The results will cover the three months ended July 31, 2020. Following the announcement, a conference call will take place at 5:00 p.m. ET on the same day to discuss the results and outlook. Interested parties can access the call via phone or live webcast on the company's Investor Relations page.