MongoDB ER

This company is on track to achieve economics of scale

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   Sep 04, 2023

In Q2, the company exceeded their top-end revenue guidance of $392 million by generating $424 million, reflecting a 40% growth.

Also, for non-GAAP income from operations, the initial guidance was set between $36 and $39 million. However, the actual figure came in at $76.7 million.

Customers / 100k ARR customers / Atlas customers count are also moving up steadily, their revenue and net income guidance are also moving up greatly, which is quite impressive.

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The future of this company looks quite certain. It's executing well in my opinion and getting closer to economy of scale quarter after quarter. This is a buy in the long run


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 - MongoDB, Inc
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Hi, I'm Shih-Min. I am a software engineer that deals with highly-scalable, distributed and fault-tolerant systems.