MongoDB (MDB) First Quarter 2025 Earnings Report | Wilnesh News

MongoDB Shares of the database software maker fell 26% in after-hours trading Thursday after it issued guidance for the current quarter and lowered its forecast for the full fiscal year.

Here’s how the company performed compared to the London Stock Exchange consensus:

• Earnings per share: Adjusted 51 cents, expected 40 cents
• income: $450.6 million vs. $439.7 million expected

According to MongoDB data, MongoDB’s revenue increased by 22% year-on-year in the first fiscal quarter ended April 30. statement. Growth slowed for the third consecutive quarter. Two years ago the proportion was 57%.

The company had a net loss of $80.6 million, or $1.10 per share, compared with a net loss of $54.2 million, or 77 cents per share, a year earlier.

Regarding guidance, the company expects fiscal second-quarter adjusted earnings of 46 cents to 49 cents per share on revenue of $460 million to $464 million. Analysts polled by LSEG expected adjusted earnings of 58 cents per share on revenue of $470.4 million.

MongoDB lowered its forecast for fiscal 2025, now with adjusted earnings per share of $2.15 to $2.30 and revenue of $1.88 billion to $1.9 billion. This represents a 12% growth. Three months ago, it had forecast adjusted earnings of $2.27 to $2.49 per share and revenue of $1.9 billion to $1.93 billion. Analysts had forecast adjusted earnings of $2.50 per share on revenue of $1.93 billion.

Dev Ittycheria, MongoDB’s president and CEO, was quoted as saying in the statement: “At the beginning of the year, both Atlas consumption growth and new workload growth were lower than expected, which will have a downstream impact on the remainder of fiscal 2025.” Atlas is MongoDB’s cloud-based Database services currently account for 70% of total revenue.

Ittycheria said on a conference call with analysts that macroeconomic conditions affected results and that the company was unable to catch up with new business, but that the company was not losing share to rivals. He said this prospect does not represent MongoDB’s long-term potential.

Comment was posted a day later sales force Indicates that transactions are shrinking and taking longer to complete.

Before the after-hours move, MongoDB shares were down 24% this year, lagging the S&P 500, which has gained about 10% in the same period.