Mulesoft Reports a Strong Quarter, but Is the Stock a Buy?

Recent IPO Mulesoft (NYSE: MULE) just released its third earnings report as a public company, and the results were impressive. Mulesoft makes a software platform called Anypoint, upon which IT professionals and data scientists can construct and combine APIs (application programming interfaces). APIs are agile interfaces that reference applications, databases, or bits of code, which people can use to construct new applications.

The prospects for the company are exciting, as this API-based architecture not only opens up new ways for businesses to use data, but could also eventually replace customized (read: expensive) integration coding services from the likes of IBM and Oracle. 

Here are some of the quarter's highlights:

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Source: Fool.com