Business
MongoDB, Inc. Announces First Quarter Fiscal 2022 Financial Results
First Quarter Fiscal 2022 Total Revenue of $181.6 million, up 39% Year-over-Year Continued Strong Customer Growth with Over 26,800 Customers as of April 30,
About this update from Mongodb, Inc.
[{"type":"text","content":"First Quarter Fiscal 2022 Total Revenue of $181.6 million, up 39% Year-over-Year\n Continued Strong Customer Growth with Over 26,800 Customers as of April 30, 2021\n MongoDB Atlas Revenue up 73% Year-over-Year; 51% of Total Q1 Revenue\n\n\n\n NEW YORK, June 3, 2021 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading, modern general purpose database platform, today announced its financial results for the first quarter ended April 30, 2021.\n\n \n \n \n \n \n \n\n \n\"MongoDB delivered an excellent start to fiscal 2022, highlighted by 73% growth of Atlas. Five years ago this month we launched Atlas with the idea that customers would value a fully managed MongoDB database as a service offering from the company that built MongoDB. Today, Atlas is nearly a $400 million revenue run rate business, and represents, for the first time, the majority of our revenue,\" said Dev Ittycheria, President and Chief Executive Officer of MongoDB. \n\"These results are strong validation for a modern data application platform that empowers developers to rapidly build flexible and highly scalable applications across a broad range of use cases. MongoDB's strong product-market fit, as evidenced by the wide variety of customers, from cutting-edge start-ups to the world's largest businesses, puts us in a great position to continue to generate high growth at scale.\"\nFirst Quarter Fiscal 2022 Financial Highlights\nRevenue: Total revenue was $181.6 million in the first quarter fiscal 2022, an increase of 39% year-over-year. Subscription revenue was $174.6 million, an increase of 40% year-over-year, and services revenue was $7.1 million, an increase of 29% year-over-year. Gross Profit: Gross profit was $127.1 million in the first quarter fiscal 2022, representing a 70% gross margin, compared to 71% in the year-ago period. Non-GAAP gross profit was $131.6 million, representing a 72% non-GAAP gross margin. Loss from Operations: Loss from operations was $61.4 million in the first quarter fiscal 2022, compared to $42.0 million in the year-ago period. Non-GAAP loss from operations was $8.4 million, compared to $7.4 million in the year-ago period. Net Loss: Net loss was $64.0 million, or $1.04 per share, based on 61.4 million weighted-average shares outstanding in the first quarter fiscal 2022. This compares to $54.0 million, or $0.94 per share, based on 57.6...