Business
MongoDB, Inc. Announces First Quarter Fiscal 2021 Financial Results
First Quarter Fiscal 2021 Total Revenue of $130.3 million, up 46% Year-over-Year Continued Strong Growth with Over 18,400 Customers at April 30, 2020 MongoDB
About this update from Mongodb, Inc.
[{"type":"text","content":"First Quarter Fiscal 2021 Total Revenue of $130.3 million, up 46% Year-over-Year\n Continued Strong Growth with Over 18,400 Customers at April 30, 2020\n MongoDB Atlas Revenue 42% of Total Q1 Revenue, up over 75% Year-over-Year\n\n\nNEW YORK, June 4, 2020 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading, modern general purpose database platform, today announced its financial results for the first quarter ended April 30, 2020.\n\n \n \n \n \n \n \n\n \n\"MongoDB's strong first quarter performance in the midst of the COVID-19 pandemic demonstrates the value of our modern data platform for the success of our customers,\" said Dev Ittycheria, President and Chief Executive Officer of MongoDB. \"In particular, the speed and agility of the MongoDB platform enables customers to quickly adapt to changing business conditions.\" \n\"While the impact from COVID-19 will be longer than we originally expected at the beginning of this fiscal year, we are seeing clear signs that the current environment is reinforcing the long-term trends towards digital transformation and cloud migration. MongoDB is a clear beneficiary of these trends and we will continue making investments to fully capitalize on this market opportunity.\"\nFirst Quarter Fiscal 2021 Financial Highlights\nRevenue: Total revenue was $130.3 million in the first quarter fiscal 2021, an increase of 46% year-over-year. Subscription revenue was $124.9 million, an increase of 49% year-over-year, and services revenue was $5.5 million, an increase of 1% year-over-year. Gross Profit: Gross profit was $92.7 million in the first quarter fiscal 2021, representing a 71% gross margin, compared to 68% in the year-ago period. Non-GAAP gross profit was $95.6 million, representing a 73% non-GAAP gross margin. Loss from Operations: Loss from operations was $42.0 million in the first quarter fiscal 2021, compared to $30.6 million in the year-ago period. Non-GAAP loss from operations was $7.4 million, compared to $12.6 million in the year-ago period. Net Loss: Net loss was $54.0 million, or $0.94 per share, based on 57.6 million weighted-average shares outstanding in the first quarter fiscal 2021. This compares to $33.2 million, or $0.61 per share, based on 54.7 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $7.3 million or $0.13 per share. This comp...