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.
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MongoDB: The Future Propelled By Atlas Cloud Database