MongoDB raises FY outlook as 2Q sales climb
MongoDB lifted its full-year outlook and reported higher second-quarter sales, citing demand for Atlas and early momentum in artificial intelligence use cases. Results and guidance topped Wall Street expectations, but the stock slid 11% to $385.
MongoDB raised its full-year outlook and posted higher second-quarter sales, pointing to demand for its Atlas offering and early momentum from artificial intelligence use cases. The results and guidance topped Wall Street's expectations. The stock slid 11%, to $385, in late trading.