MongoDB cuts second quarter outlook
MongoDB cut its second quarter and fiscal 2025 outlook as the company said it saw slower than expected demand for Atlas consumption and new workloads.
The company's outlook came amid a solid first quarter. The company reported a net loss of $80.6 million, or $1.10 a share, on revenue of $450.6 million, up 22% from a year ago. Non-GAAP earnings in the first quarter were 51 cents a share.
MongoDB was expected to report non-GAAP earnings of 37 cents a share on revenue of $439.91 million.
MongoDB ad...
Read more at constellationr.com