Dec 9 (Reuters) - MongoDB ( MDB ) on Monday raised its

forecasts for annual revenue and profit for the second time this

year as the software company expects strong growth in the usage

of Atlas, its service that helps clients manage their databases

on the cloud.

Shares of the New York-based company were up 10.6% in

extended trading following the results.

The company charges for services based on how much they are

used, unlike traditional subscription models that have

relatively fixed prices.

MongoDB ( MDB ) and its peers that operate such pay-as-you-use

models have seen an increase in the usage of their services,

including for workloads that involve the deployment of

artificial intelligence.

Peer Snowflake also raised its full-year product revenue

forecast last month on the back of strong consumption and

bookings, while also announcing an AI partnership with

Amazon-backed Anthropic.

MongoDB ( MDB ) raised its adjusted profit per share forecast to

the range of $3.01 and $3.03 for the fiscal year ending on Jan.

31, compared with the previous forecast of $2.33 to $2.47.

The company expects its fiscal revenue to be between $1.97

billion and $1.98 billion, up from the previous projection of

$1.92 billion to $1.93 billion.

The company's third-quarter revenue rose 22% to $529.4

million from a year ago, beating estimates of about $502

million, according to data compiled by LSEG.

On an adjusted basis, it earned $1.16 per share in the third

quarter, compared with estimates of 69 cents per share in

profit.

MongoDB ( MDB ) also announced on Monday that Chief Financial

Officer Michael Gordon will step down at the end of its fiscal

year.

The company's senior vice president of finance, Serge

Tanjga, will serve as interim CFO starting Feb. 1 while the

company searches for Gordon's successor.