3 Things to Know About MongoDB's Earnings
Software company MongoDB (NASDAQ: MDB) is attempting to disrupt the database industry with its namesake product. Based on its third-quarter results, it's having some success doing just that. Revenue soared as MongoDB's database-as-a-service offering experienced tremendous growth, while losses also jumped as the company spends big to make sales.
Here's what you need to know about MongoDB's third-quarter report.
MongoDB has a history of besting Wall Street's projections, and the third quarter was no exception. Both revenue and adjusted earnings came in ahead of estimates, leading the stock to jump on Tuesday morning.
Source Fool.com
