MongoDB Inc (NASDAQ:MDB) reported financial results for the first quarter of fiscal 2027 after the closing bell on Thursday. Here’s a rundown of the report.
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MongoDB Q1 Highlights
MongoDB posted first-quarter revenue of $687.62 million, beating analyst estimates of $667.82 million, according to Benzinga Pro. The data platform company reported first-quarter adjusted earnings of $1.32 per share, beating analyst estimates of $1.18 per share.
Total revenue increased 25% year-over-year as subscription revenue grew 25% and services revenue rose by 22%. Remaining performance obligations totaled $1.46 billion at quarter’s end, up 88% year-over-year.
