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Briefing
cloud enterprise

MongoDB Reports Strong Customer Growth, Hikes Sales Forecast

By
Kevin McLaughlin
· · Source: The Information

Cloud database provider MongoDB is bucking the trend of shrinking software budgets. Its shares soared more than 22% in the wake of its first-quarter earnings report , as sales grew 29% to $368 million and quarterly growth in new customers hit its highest level in more than two years. The results far exceeded the income and revenue projections MongoDB gave in its last quarterly earnings...

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