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Customer momentum continues for MongoDB despite COVID-19 – and sometimes because of it
Revenues of $109.4 million were up 45.5% year-on-year with subscription revenues of $124.6 million making up 95.8% of that total, up 48.3% year-on- year. Net loss for the quarter was $54.0 million. Revenue from Atlas – MongoDB’s database-as-a-service offering – was up 75% year-on-year and now represent 42% of total revenue. The firm now has over 18,400 customers, up from 14,200 a year ago.
While the numbers pleased Wall Street, CEO Dev Ittycheria (pictured) pointed to the ongoing uncertainties in the market caused by COVID-19, but added that he saw customers still being committed to digital transformation initiatives:
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