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Briefing: MongoDB Reports $37 Million Loss, Rising Revenue Lifted by AI – The Information

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Posted on mongodb google news. Visit mongodb google news

MongoDB reported 40% year on year revenue growth to $4.2 billion in the three months ending in July. Despite the growth, the company still reported a $37.6 million loss for the quarter, compared to a loss of $118 million the same quarter a year earlier.
In a statement, CEO Dev Ittycheria attributed the company’s revenue growth to increasing adoption of its subscription software for storing and…

Article originally posted on mongodb google news. Visit mongodb google news

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