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MongoDB’s bright quarter and upped guidance defied the wobbly trend across database-software companies.

• MongoDB, an enterprise software provider, surged on Friday, following its first-quarter earnings data. MongoDB stock (ticker: MDB) popped 28% on a comfortable earnings beat of 56 cents a share, vs analyst consensus for 18 cents. Revenue for the firm landed at $368mn, topping the $348mn projected.
• Pumped by the robust performance, MongoDB lifted not only its second-quarter guidance but also threw in a lofty figure for the full year. In the current quarter, the cloud-based database software provider expects to rake in revenue of at least $388mn. Full-year sales are projected to hit $1.52bn.
• A big factor at play here is the firm’s outstanding performance in the context of slow-walking software companies. Difficult macro environment prompted Salesforce (ticker: CRM) to take a conservative approach to guidance, while PagerDuty (ticker: PD) expects customer activity to drop.

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