The company said it added more than 5,000 customers year to date, "the highest ever in the first half of the year."
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MongoDB
shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast.
Here’s how the company did in comparison with LSEG consensus:
MongoDB’s revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47.04 million, or 58 cents per share, compared with a net loss of $54.5 million, or 74 cents per share, in the year-ago period.
MongoDB reported third quarter earnings after the bell that beat analyst estimates.
MongoDB said its Atlas platform grew 30% from a year ago as it benefits from AI tailwinds
Datadog's results fueled shares of other cloud infrastructure names like Snowflake and MongoDB.
MongoDB, Pure Storage and Snowflake all touted artificial intelligence in earnings reports this week.
Oracle's outlook was better than expected, leading many analysts to lift their price targets on the stock.
For the first time, Microsoft disclosed a dollar figure for its Azure cloud business.
