Overview

* MongoDB ( MDB ) fiscal Q2 revenue rises 24% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q2 beats consensus, per LSEG data

* Atlas revenue, 74% of total, grows 29% yr/yr, driving overall results

Outlook

* MongoDB ( MDB ) raises full-year revenue guidance to $2.34 bln-$2.36 bln

* Company expects Q3 revenue between $587 mln and $592 mln

* MongoDB ( MDB ) sees full-year non-GAAP net income per share $3.64 to $3.73

* Company expects full-year non-GAAP income from operations $321 mln to $331 mln

Result Drivers

* ATLAS GROWTH - Atlas revenue increased 29% yr/yr, making up 74% of total Q2 revenue

* CUSTOMER EXPANSION - Added 2,800 customers in Q2, totaling over 59,900

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $591.40 $553.40

Revenue mln mln (31

Analysts

)

Q2 Beat $1 $0.66

Adjusted (32

EPS Analysts

)

Q2 EPS -$0.58

Q2 Beat $87.20 $57.80

Adjusted mln mln (29

Net Analysts

Income )

Q2 Net -$47 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for MongoDB Inc ( MDB ) is $275.00, about 20.6% above its August 25 closing price of $218.44

* The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)