Growth from this company has topped key peers like Snowflake and Databricks, but that may not last long.
Zacks.com users have recently been watching MongoDB (MDB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Database software provider MongoDB (NASDAQ: MDB) reported impressive revenue growth in the second quarter that was far ahead of analyst expectations. Total revenue soared 40% year over year to $423.8 million, despite a tough macroeconomic environment. The timing of multi-year contracts and the way those contracts are accounted for drove unusual revenue growth in MongoDB's non-cloud segment.