MongoDB reports Q1 revenue up 22% YoY to $450.6M, vs. $439.91M est., and cuts its Q2 and FY 2025 outlook on slower Atlas demand; MDB drops 25%+ after hours (Larry Dignan/Constellation Research)

Posted on May 30, 2024
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Larry Dignan / Constellation Research:
MongoDB reports Q1 revenue up 22% YoY to $450.6M, vs. $439.91M est., and cuts its Q2 and FY 2025 outlook on slower Atlas demand; MDB drops 25%+ after hours — MongoDB cut its second quarter and fiscal 2025 outlook as the company said it saw slower than expected demand for Atlas consumption and new workloads.

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