NEW YORK, March 2, 2023 /PRNewswire/ -- MongoDB, Inc. today announced that its President and Chief Executive Officer, Dev Ittycheria, and its Chief Operating Officer and Chief Financial... | March 2, 2023 Fluctuations in MongoDB's operating results may be particularly pronounced in the current economic environment due to continuing uncertainty caused by the ongoing COVID-19 pandemic, the duration and ultimate impact of which is difficult to predict at this time. The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands): The following table presents certain customer count information as of the periods indicated: (a) Direct Sales Customers are customers that were sold through our direct sales force and channel partners. News & Events News Releases Events Presentations Corporate Governance Management Team Board of Directors Committee Composition … In summary, I'm pleased with our first quarter results in a difficult macro environment. So we have not specifically guided to gross margin. Snowflake 43rd Annual William Blair Growth Stock Conference, Morgan Stanley Technology, Media and Telecom Conference, Barclays Global Technology, Media and Telecommunications Conference, Piper Sandler Growth Frontiers Conference 2022, Goldman Sachs 2022 Communacopia + Technology Conference, 42nd Annual William Blair Growth Stock Conference, Stifel 2022 Cross Sector Insight Conference, Morgan Stanley Technology, Media & Telecom Conference, Citi 2021 Virtual Global Technology Conference, Piper Sandler Global Technology Conference, Goldman Sachs Virtual Technology and Internet Conference 2021, MongoDB Third Quarter Fiscal 2021 Earnings Call, 2020 Global Technology Virtual Conference, MongoDB Second Quarter Fiscal 2021 Earnings Call, William Blair 40th Annual Growth Stock Conference, Stifel 2020 Cross Sector Insight Conference, MongoDB First Quarter Fiscal 2021 Earnings Call, MongoDB Fourth Quarter Fiscal 2020 Earnings Call, Goldman Sachs Technology and Internet Conference. And that's an example what happened this quarter. But then for the rest of the year, you're expecting a return to your prior assumptions regarding usage growth. That's great. We continue to invest to maximize our long-term growth opportunities. Q1 consumption was ahead of our expectations but remains below the levels we saw prior to the macro slowdown that began last year. I know this is more longer term, but do you think that AI workloads creation, app replatforming can act as a catalyst for share shifts as relational DBs are less prepared to support these workloads? According to data from Yahoo Finance, here are the five largest institutional investors in Mongo DB. Non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss and non-GAAP net loss per share exclude: MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. To us, this is confirmation we remain a top priority for our customers and that our value proposition continues to resonate even in this market. We have a high degree of existing customers who are engaging with our field organizations on AI use cases. If we can hire -- acquire high-quality workloads, onboard them well and make sure they're served as well, good things will happen; and that's happening. And I would argue that there's an emerging trend that Atlas is one of the preferred places for AI companies to go to build apps, and so we feel really good about our positioning. MongoDB was founded in 2007 by Dwight Merriman, Eliot Horowitz and Kevin Ryan – the team behind DoubleClick. Yes. So it's really tied to the product market fit of those companies, but the general trend that we are very pleased about is that, there's a lot of people leaning towards MongoDB in terms of thinking about the next set of AI apps that they're building. These databases then facilitate searches when users query large language modeling with the appropriate vector embeddings, and it's essentially how a user searches match to content from an LLM. And China Mobile, again, is a great example of that. There's always going to be some catalyst. First, we are increasing our revenue expectations for the rest of the year because Atlas Q1 exit ARR is now higher than previously expected given the stronger Q1 performance. For the full fiscal year 2024, we expect revenue to be in the range of $1.5 billion to $2 billion to $1.542 billion. The replay conference ID is 10159646. MongoDB, Inc. Announces Third Quarter Fiscal 2023 Financial … [Operator Instructions] Our next question comes from the line of Michael Turits of KeyBanc. Or is that more something we should expect in the coming quarters? Great, yes. That's focus on the input metrics that drive the outputs that you see. Your question please, Kash. Our next question comes from the line of Mike Cikos of Needham. I think people understand that. And you're running now in the mid-70s. Yes. We do believe AI will increase the velocity of software development and, in turn, the number and sophistication of new applications developed. The key point, though, is that you still need an operational data store to store the actual data. Obviously there's the China Mobile case study or vignette that Dev walked through, and you can always find those in every quarter. We're very pleased with our gross margin progression, especially in the context of Atlas representing 65% of our overall business. Finally, we expect to see a significant sequential uptick in expenses since we have some of our largest sales and marketing events in Q2, most notably MongoDB.local in New York. Our revised full year revenue guidance continues to assume consumption growth that is in line with the average consumption growth we've experienced since the slowdown began in Q2 of last year. Your question please, Kingsley. While we are pleased that Atlas Q1 consumption growth was above our expectations, we continue to be mindful of the environment, taking a step back from the near-term trends. So it will show up -- first of all, it's not just Alibaba in the $10 million, but Alibaba is the one that people understand and know and we had a joint press release about. Your question please, Brent. And so that's what sort of gave them and obviously us collectively the confidence to sort of extend that. And I appreciate you reiterating the difficult comps there, Michael. NEW YORK, Jan. 5, 2022 /PRNewswire/ -- MongoDB, Inc. , the leading modern, general purpose database platform, today announced that its Chief Operating Officer and Chief Financial Officer,... | February 28, 2023 3/09/2021 at 5:00 PM EST Click here for webcast. Sir? Moving on to Atlas consumption trends. MongoDB, Inc. to Host Virtual Investor Session at MongoDB.live … That's great. But how does Mongo kind of fit into this new world? And so I will clearly say it wasn't AI that drove the acquisition of workloads. Our next question comes line of Fred Havemeyer of Macquarie Capital. China Mobile provides mobile voice and multimedia services via its nationwide mobile telecom network across Mainland China and Hong Kong. MongoDB And I know we've said that for -- really since going public, I guess, but it -- increasingly, I think that, that is true. Everything has evolved… Web Monoliths Microservices Physical Virtual Serverless Desktop Mobile/Edge Physical … За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, MongoDB, Inc. MongoDB will host a conference call today, September 2, 2021, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. And I think you're going to see a lot of things happening over the course of the next few months and quarters and years, but we feel we're in a very good position to take advantage of this new trend. By. Certainly, as roughly two-third of the business is Atlas and as I mentioned, about 80% of that does not flow through deferreds, but also what that means is that a larger portion of what will run through deferreds is EA. As I mentioned that we've had over 200 customers just in last quarter who are running AI apps on Atlas. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part. Since most companies understand that they and their competition are all differentiating themselves through software, the speed of software development becomes existential. My first question before I have to follow-on -- follow-up question. Thank you. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise. Resources | MongoDB While Q1 consumption trends were better than expected, the growth remains below the levels we had experienced prior to the beginning of the slowdown in Q2 of last year. Media Relations Mark Wheeler MongoDB 866-237-8815 x7186 communications@mongodb.com Source: … Investor Relations. Moving down the income statement. Our next question comes from the line of Kingsley Crane of Canaccord. So what has changed besides maybe slightly higher revenue to kind of come up with these kind of much higher numbers? Yes. And Michael, if I look at the update or the significant upgrade to the profitability outlook, like, obviously, you had your budgeting cycle to come up with the initial guidance. Thank you. ARR and annualized MRR exclude professional services. So I'd say clearly March and April were better than we expected given the outperformance of our revenue numbers. They selected MongoDB Atlas to give its developers full autonomy over their data, while freeing up the time they previously spent managing their database system to focus on innovation and improving the end user experience. And I had one follow-up for Michael. [Operator Instructions] Our first question comes from the line of Raimo Lenschow of Barclays. Let's start with Atlas. Dev, last quarter you talked about a couple of very large financial institutions beginning to migrate, I believe it was hundreds of apps. The telecom leader is using MongoDB to support one of its largest and most critical push services, which sends out billing details to more than 1 billion users every month. And I believe that over time, people will gravitate to a more seamless and integrated platform that offers a compelling user experience. Announces First Quarter Fiscal 2024 Financial Results, MongoDB and Alibaba Cloud Extend Global Partnership, MongoDB APAC Innovation Award Winners Unveiled, MongoDB, Inc. I mean, are you at a point where the new customer momentum more than offsets declining consumption growth trends that you have better visibility into your business than you did probably, say, a year back, six months back? How the Belt Bag Became a Fashion Must-Have. Obviously all that's factored into the full year guide, and you can see the significant upgrade in the bottom line outlook. Sorry. Our performance reflects the desire of nearly every business to use a modern application data platform that enables them to accelerate the pace of their digital innovation agenda," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. That's the first part. Maybe, the first one on the consumption trends. And then Michael, real quick. Yes, sure. Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. Announces First Quarter Fiscal 2024 Financial Results, MongoDB, Inc. to Present at the William Blair 43rd Annual Growth Stock Conference. NEW YORK, Sept. 8, 2020 /PRNewswire/ -- MongoDB, Inc. , the leading modern, general purpose database platform, today announced that its Chief Operating Officer and Chief Financial Officer,... | March 14, 2023 I'll begin with a detailed review of our first quarter results, and then finish with our outlook for the second quarter and full fiscal year 2024. We expect non-GAAP income from operations to be in the range of $36 million to $39 million and non-GAAP net income per share to be in the range of $0.43 to $0.46 based on 82.5 million estimated diluted weighted average shares outstanding. Investors interested in attending in-person in New York City should contact Investor Relations at ir@mongodb.com. I wanted to sanity check. (b) Represents the number of customers with $100,000 or greater in annualized recurring revenue ("ARR") and annualized monthly recurring revenue ("MRR"). Let me provide some context on Atlas consumption in the quarter. MongoDB I go back to a couple of thoughts. And so the fact that it had a slight sequential gain, It was great to see and speaks to all the points Dev is underscoring. Actual results may differ materially. MongoDB, Inc. Announces Second Quarter Fiscal 2022 Financial … Brian Denyeau -- Investor Relations All right. And you saw EA grew more slowly on a year-over-year basis. I wanted to also follow up on margins with respect to Atlas. MongoDB Michael will share more detail on this. While the growth rate of existing applications can vary based on a number of factors including macro conditions, the relationship between application usage and growth -- application usage growth and MongoDB spend has remained consistent. And again -- so that drives us to go acquire more workloads, high-quality workloads, that we can then onboard quickly. WebPresentations Corporate Governance Management Team ... MongoDB Investor Session at MongoDB.live. And we have seen consumption level come down over the past few quarters. So how does this make you think about the business model ahead? The adoption of MongoDB continues to rise as we recently surpassed 200 million cumulative downloads from our website. Is it fair to assume that, in next couple of quarters, consumption level may reset at a new normal and then maybe resume growth from that level? So when you think about the underlying queries, right, the reads and writes of those applications, more activity. Introduction To MongoDB | MongoDB So what I would say is, when we look at it, you've got a higher starting Q2 ARR as a result of the strong Q1 performance. The extension of the deal, we initially signed a multiyear deal with them. Dec 06, 2022, 16:05 ET Third Quarter Fiscal 2023 Total Revenue of $333.6 million, up 47% Year-over-Year Continued Strong Customer Growth with Over 39,100 … I'll now provide some more context around our guidance, starting with Q2. No, I would say generally consistent is what we've seen. And one of the things I wanted to highlight, on that EA strength in Q1, I believe we were expecting EA to actually decline sequentially. We have really focused our teams to acquire workloads either through the acquisition of new customers or the acquisition of workloads in existing customers. About Us - Our Story | MongoDB | MongoDB Or do you -- when do you think that this starts to accelerate the pace in which companies modernize their apps? Thank you so much. Thanks very much. NEW YORK, Jan. 5, 2022 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB ), the leading modern, general purpose database … Mike, if we could unpack the 2Q guide a little bit. And that's not even AI apps. Adjustments to reconcile net loss to net cash used in operating activities: Amortization of debt discount and issuance costs, Amortization of finance right-of-use assets, Amortization of operating right-of-use assets, Accretion of discount on short-term investments. Turning to our updated full year guidance. Finally, thanks to strong Q1 performance and the increased revenue outlook, we are meaningfully increasing our assumption for operating margins in fiscal 2024 to 7.7% at the midpoint of our guidance, an improvement of approximately 300 basis points compared to fiscal 2023, while continuing to invest to pursue our long-term opportunity. And consequently, when apps are used less, the less revenue we get. And the result of that is spending less time on upfront commitments. So Dev, in your opening remarks, you talked about how AI can kind of provide a new opportunity for modernization of existing applications. It is important to keep in mind that growth in our Atlas customer count reflects new customers to MongoDB in addition to existing EA customers adding incremental Atlas workloads. It's all about acquiring workloads, so our incentive mechanisms, management attention and focus is all about this North Star about acquiring new workloads. Perfect. Okay, just -- yes. I know you said that execution was great, which is awesome. 7/13/2021 Click here for webcast. Like I said, I think people tend to overestimate the impact of a trend like AI in the short term. Sep 02, 2021, 16:05 ET NEW YORK, Sept. 2, 2021 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB ), the leading, modern general purpose database … And we plan to do a pretty broad set of announcements at our MongoDB.local New York on June 22, so stay tuned for some announcements then. That drove more consumption and so that's what drove the outperformance. As we've talked about for the last several years, we've been deemphasizing upfront commitments, trying to reduce the level of friction, trying to focus on acquiring more workloads and getting more workloads on the platform. I think it's still early days to determine what percent is real, but it will definitely increase, which by definition will increase the number of applications developed, which will then obviously drive more demand for MongoDB. MongoDB, Inc. to Present at the William Blair 43rd Annual … NEW YORK, May 31, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present at the William Blair 43 rd Annual Growth Stock Conference in Chicago, IL. Thank you very much. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com. Well finance startups like Hugging Face, Tekion, One AI and [Nuro] (ph) are examples of companies using MongoDB to help deliver the next wave of AI-powered applications to their customers. MongoDB is an essential platform in this drive for innovation, making us the critical investment priority. The impact of this change on prior reported periods is immaterial. We're all trying to get a sense of where are we in sort of the cloud optimization budget scrutiny sort of cycle. One, billings in general is not a super helpful metric for us. Thanks. Please. As we talked -- as we listen to the [Hyperscalers] (ph) report, their results seem some of the cloud infrastructure ecosystem reported results. 6/01/2023 at 5:00 PM EDT. Yes, what I would say is, I think, in the short term, the consumption trends are clearly tied to our customers' underlying business. MongoDB As a reminder, our direct customer count growth is driven by customers who are net-new to our platform as well as self-serve customers with whom we've now established a direct sales relationship. Operator? Your question please, Karl. And I do want to say it's still very early days. And we had another strong quarter of customer growth, ending the quarter with over 43,100 customers. Presentations | MongoDB, Inc. And so, we're really focused on what we can control, which is all about acquiring new customers and new workloads. So let me try and clarify it. Tyler, we're already seeing high customer engagement of customers already talking to us about new AI use cases that they want to build and run on MongoDB, so that's obviously a very positive trend. Moreover, the shift to AI will favor modern platforms that offer a rich and sophisticated set of capabilities, delivered in a performance and scalable way. This compares to free cash flow of $8.4 million in the first quarter of fiscal 2023. MongoDB's developer data platform continues to gain momentum as customers across industries and around the world are running their mission-critical projects on Atlas. All right. Great. Hi, guys. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. Thanks. SAN FRANCISCO — Ford Motor Co's decision to allow customers to use Tesla's electric-vehicle charging network has sent ripples through the … That's the range that we saw the performance was -- in our Q1, our guide at the beginning of the year for the full year. Atlas now has -- about 80% of Atlas does not flow through deferred. And I just think it's important to understand that because you can see the slower growth rate on EA shining through in Q1. In addition, Q1 benefited from the timing of marketing programs, internal events and other expenses, which we now expect to incur later in the year. They selected Atlas for its effective management, scalability, built-in security and multi-cloud support. We believe this is a testament to how well our value proposition is aligned to our customer success. My follow-up is really around a vector feature engine as you think about AI. Please disable your ad-blocker and refresh. Reconciliation of GAAP loss from operations to non-GAAP loss from operations: Reconciliation of GAAP net loss to non-GAAP net loss: Amortization of debt discount and issuance costs related to convertible senior notes. Turning to customer growth. As I've said many times in the past, a durable competitive advantage is built through custom software, it cannot be obtained with an off-the-shelf product. And it's certainly driving a healthy chunk of that.
Bewerte Das Verhalten Der Spanier Auf Haiti Kolumbus,
Hornhautentzündung Erfahrungen,
Articles M