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Subscription revenue grew 40% year-over-year to $409.3M, while services revenue was up 20% to $14.5M.
“MongoDB delivered excellent results in the second quarter, highlighted by 40% revenue growth, continued strength in new workload acquisition and record operating margin. The ongoing success of our new business efforts for Atlas (NYSE:ATCO) and Enterprise Advanced across our sales channels is a testament to the value of MongoDB’s run anywhere strategy which enables customers of any size to innovate faster and more efficiently,” said CEO Dev Ittycheria.
For Q3/24, the company expects EPS of $0.47-$0.50, compared to the consensus of $0.27, and revenue of $400-$404M, compared to the consensus of $389.12M.
For the full year, the company sees EPS at $2.27-$2.35, compared to the consensus of $1.55, and revenue at $1.596-$1.608B, compared to the consensus of $1.55B.