I think I like their results…waiting for the call
“MongoDB delivered exceptional fourth quarter results, highlighted by delivering 85% Atlas revenue growth and surpassing $1 billion in annualized revenue. Our success is being driven by the fact that our modern application data platform dramatically reduces friction in the development process to make it incredibly easy for developers to build compelling applications that create a competitive advantage,” said Dev Ittycheria, President and Chief Executive Officer of MongoDB.
“We enter fiscal 2023 having established MongoDB as the leading application data platform used to build new and modernize existing applications. Our strong growth in six and seven figure customers is evidence that customers increasingly view MongoDB as a strategic platform. We are confident in our ability to capitalize on our $70B+ market opportunity and deliver strong growth for the foreseeable future.”
Fourth Quarter Fiscal 2022 Total Revenue of $266.5 million, up 56% Year-over-Year
Full Year Fiscal 2022 Total Revenue of $873.8 million, up 48% Year-over-Year
<Continued Strong Customer Growth with Over 33,000 Customers as of January 31, 2022
**MongoDB Atlas Revenue up 85% Year-over-Year;**58% of Total Q4 Revenue
As some of you know MongoDB is a top conviction name for me and I have a 8% position
Cheers!
ronjonb ( https://twitter.com/ronjonbSaaS)