TECH - MongoDB Stock Plunges After Q1 Results Weak Forward Guidance | Benzinga
MongoDB, Inc. (NASDAQ:MDB) reported its first-quarter financial results and issued forward-looking guidance after the bell Thursday. Here's a look at the key figures from the report.
The Details: MongoDB reported quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 40 cents by 27.5%.
Quarterly sales came in at $450.56 million, beating the analyst consensus estimate of $439.64 million by 2.48% and representing a 22.34% increase over sales of $368.28 million from the same period last year.
Subscription revenue was $436.9 million, an increase of 23% year-over-year, and services revenue was $13.7 million, an increase of 1% year-over-year. Non-GAAP gross profit was $337.8 million, representing a 75% non-GAAP gross margin, ...