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MDB - MongoDB: The Future Propelled By Atlas Cloud Database
MongoDB Inc.
2024-03-24 11:33:05 ET
Summary
MongoDB's Q4 FY24 results showed 27% revenue growth and 86.1% adjusted operating profit growth, supporting the belief in above 20% revenue growth in the future.
MongoDB Atlas, the cloud-based database service, accounted for 68% of group revenue and is a significant growth driver.
The company expects $80 million in growth headwinds in FY25, but anticipates Atlas to contribute 23.8% to topline growth. Valuation estimates a fair value of $475 per share.