06:28 AM EDT, 06/05/2025 (MT Newswires) -- MongoDB ( MDB ) shares spiked early Thursday as the database software maker lifted its full-year outlook and reported fiscal first-quarter results that exceeded market expectations.

The company now anticipates adjusted earnings to be in a range of $2.94 to $3.12 per share for fiscal 2026, it said late Wednesday, up from previous projections of $2.44 to $2.62. Revenue is pegged at $2.25 billion to $2.29 billion, compared with the prior guidance of $2.24 billion to $2.28 billion. The current consensus on FactSet is for non-GAAP EPS of $2.85 and sales of $2.28 billion for the fiscal year.

Shares of the firm climbed nearly 15% in the most recent premarket activity.

"We had a strong start to the year and feel good about our ability to drive continued revenue and profitability growth, even with a more uncertain macroeconomic environment," Chief Financial Officer Michael Berry said during an earnings call, according to a FactSet transcript. The higher revenue outlook reflects the company's "continued confidence" in its cloud-based developer data platform, Atlas, Berry said.

MongoDB ( MDB ) reported adjusted EPS of $1 for the quarter ended April, up from $0.51 the year before, surpassing the Street's view for $0.66. Revenue climbed 22% to $549 million, topping the average analyst estimate on FactSet of $528.1 million.

Subscription revenue advanced to $531.5 million from $436.9 million in the prior-year period, while services jumped 28% to about $17.6 million. Atlas grew 26% on an annual basis and represented 72% of total revenue, compared with 70% in the prior-year quarter, Berry said on the call. The total number of customers grew to more than 57,100 at the end of April from over 54,500 at the end of January.

"The growth in our total customer count is being driven primarily by Atlas, which had over 55,800 customers at the end of the quarter, compared to over 47,700 in the year-ago period," Berry told analysts.

For the ongoing three-month period, the company expects adjusted EPS to come in between $0.62 and $0.66 on a revenue range of $548 million to $553 million. The Street is looking for non-GAAP EPS of $0.62 and sales of $552.6 million.

"(The second quarter) has three more days than (the first quarter), which is a sequential tailwind for (second-quarter) Atlas revenue," Berry said. MongoDB ( MDB ) forecasts a high-single-digit year-over-year revenue decline in its non-Atlas business, as well as a sequential decrease that is estimated to be a headwind to profitability in the quarter, the CFO added.