Database software company MongoDB (MDB) reported Q1 CY2025 results topping the market’s revenue expectations , with sales up 21.9% year on year to $549 million.
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MongoDB shares are trading sharply lower in late trading Thursday after the company provided disappointing guidance for the July quarter and the January 2025 fiscal year, the latest in a series of disappointing financial reports from the enterprise software sector.
Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance.
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