MongoDB Has Growth Opportunities Beyond the Database
The vast majority of revenue for MongoDB (NASDAQ: MDB) comes from its namesake database. Just over half of total revenue is derived from Atlas, the company's cloud database service, while much of the rest comes from its Enterprise Advanced service aimed at large customers looking to run MongoDB on their own hardware.
Atlas has been at the core of MongoDB's growth story over the past few years. While the company's database software is open source and free to download by anyone, a managed database service like Atlas frees customers from having to manage the underlying infrastructure. Atlas is nearing an annual revenue run rate of $400 million, and it grew revenue by 73% in the first quarter.
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Source Fool.com
