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Mongodb performance advisor9/18/2023 ![]() Mongo Atlas is capable of organizing and structuring countless data types side-by-side, and gives developers the ability to search within their data for insights. MongoDB has its cloud offering called Mongo Atlas. MongoDB allows users to contextualize and search through unstructured data. MongoDB is a database platform that allows enterprises to build modern apps to run their business. ![]() ![]() That's exactly the time of investment setup you want to be positioned in. That will lead to analysts upwards revising their financial targets over the coming days. But more importantly, given the strong performance in Q1, this more likely than not implies that fiscal 2023 will end at a run rate higher than the mid-20% CAGR that analysts presently expect. MongoDB's Q2 2023 now points towards growing by 42% y/y. MongoDB delivers investors with very attractive guidance. I argue that paying 14x sales for a business with such solid near-term prospects makes a lot of sense. Not only do we see total customers increasing by 31% y/y, but given the strong revenue growth in the quarter, MongoDB upwards revises its full-year revenue estimate and expects to grow by 36% y/y.Īrguably, the most interesting aspect of the quarter is that MongoDB is now eyeing up a path towards non-GAAP breakeven. MongoDB ( NASDAQ: MDB) delivered very strong results. Galeanu Mihai/iStock via Getty Images Investment Thesis
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