The only way we can really influence that is, over the long term by acquiring more and more workloads either through from existing customers or acquiring new customers. Yes. So that, what drove the outperformance of that was stronger underlying usage of those applications, right? I don't want to preempt what we're going to be talking about on June 22, but I encourage you to attend because that's where we'll share a little bit about our AI strategy. Or is it hard to call bottom on the per-user consumption level? … And that's what's put us in this strong position. Awesome. Please. MongoDB, Inc. to Host Virtual Investor Session at MongoDB.live … Tyler, we're already seeing high customer engagement of customers already talking to us about new AI use cases that they want to build and run on MongoDB, so that's obviously a very positive trend. Great. A live webcast of the presentation … We're not assuming things get materially worse, and we don't have any data that would suggest either of those directions. Brian Denyeau -- Investor Relations All right. Your question please, Brad. Your question please, Raimo. Or is that more something we should expect in the coming quarters? Great. So we are seeing -- again, part of acquiring a workload is acquiring a relational workload and replatforming it on MongoDB, so when we say acquiring a workload, you should not always assume it's a new workload. By signing up you agree to receive content from us. We continue to invest to maximize our long-term growth opportunities. Reconciliation of GAAP operating expenses to non-GAAP operating expenses: Sales and marketing operating expense on a GAAP basis, Amortization of intangible assets associated with acquisitions, Non-GAAP sales and marketing operating expense, Research and development operating expense on a GAAP basis, Amortization of intangible assets and post-combination compensation expense associated with prior acquisitions, Non-GAAP research and development operating expense, General and administrative operating expense on a GAAP basis, Non-GAAP general and administrative operating expense. NEW YORK, May 31, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present at the William Blair 43 rd Annual Growth Stock Conference in Chicago, IL. Second, developers will be attracted to modern platforms like MongoDB because that's the place where they can build these modern next-generation applications. Sir? In other words, their spend on our platform is directly aligned with the usage of their underlying application, therefore, the value they derive from it. That's one. There's statistics that say it can increase anywhere from 15% to 30%, 40%. So I'd say clearly March and April were better than we expected given the outperformance of our revenue numbers. WebLearn about the latest query language features with the MongoDB Query Language: What's New presentation from MongoDB.live 2020. Free cash flow represents net cash used in operating activities, less capital expenditures, principal repayments of finance lease liabilities and capitalized software development costs, if any. So -- and maybe I'll just do a little primer just so everyone is on the same page. We talked about the China Mobile example where it was a very, very large workload servicing a very, very large user population. Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross margin (Gross profit/Total revenue) on a GAAP basis, Stock-based compensation expense: Cost of Revenue—Subscription, Stock-based compensation expense: Cost of Revenue—Services, Non-GAAP gross margin (Non-GAAP gross profit/Total revenue). The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands): The following table presents certain customer count information as of the periods indicated: (a) Direct Sales Customers are customers that were sold through our direct sales force and channel partners. So you're correct. One for Dev and one for Michael. Yes. We generated revenue of $368 million, a 29% year-over-year increase and above the high-end of our guidance. And I'm just curious, from your perspective, how you see this playing out. WebOur story. 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Obviously all that's factored into the full year guide, and you can see the significant upgrade in the bottom line outlook. I'll be discussing our results on a non-GAAP basis unless otherwise noted. We believe that our new consumption-based ARR calculation better reflects current customer behavior. So first, the strong execution, I think, that Dev was talking about really ties more to the new business environment, which remember is very valuable for the medium to long term, but the near term is much more governed by the performance of existing applications. And obviously, we all like that. Thank so much. Announces Fourth Quarter and Full Year Fiscal 2023 Financial Results. So -- and so it's a technology that's worked well for a long period of time, but it really doesn't suit the needs of modern applications. GE Healthcare has turned to MongoDB's developer data platform to manage the lifecycle of its IoT devices, imaging, ultrasound and other patient-care devices from deployment to retirement. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps für Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmaßnahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivität von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. So I'll try and tackle it a couple of different ways, Fred. And consequently, when apps are used less, the less revenue we get. And again, as I mentioned earlier, it's all about us acquiring high-quality workloads. We added 2,300 customers this year. Our next question comes from the line of Firoz Valliji of Alliance Bernstein. And as applications get more and more sophisticated, have more performance and scale requirements, people need to consider moving to more scalable platforms and that's our strength. And to the extent that when we see ranges that diverge at the start of Q2, the more pronounced holiday slowdown that we saw, we tend to call those out, but we feel that we've seen a pretty consistent level of sort of macro-affected or post-macro growth rates of existing expansion. It's a much more graceful migration than having to replatform on to another technology when they want to move that workload to the cloud. So like these are pretty good signs that customers are still prioritizing innovation and they're doing so leveraging modern platforms like MongoDB. That's great. This is despite the fact that Q1 is typically a seasonally slower new business quarter for EA. Non-GAAP gross profit and non-GAAP gross margin exclude stock-based compensation expense. humongous, „gigantisch“) ist ein dokumentenorientiertes NoSQL - Datenbankmanagementsystem, das in der Programmiersprache C++ geschrieben ist. Additionally, we will discuss non-GAAP financial measures on this conference call. After taking into consideration approximately $2 million in capital expenditures and principal repayments of finance lease liabilities, free cash flow was $51.8 million in the quarter. And third, because of the breadth of our platform and the wide variety of use cases we support that becomes even more of an impetus to use MongoDB. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Hi. If I could just follow up on Michael's last question there. Customers have ever-increasing expectations for better products, services and experiences, and companies rely on custom-built suffer to deliver these expectations better and faster than the competition. Introduction To MongoDB | MongoDB Finally, retention rates remained strong in Q1, reinforcing the enduring value in our platform. MongoDB Our next question comes line of Fred Havemeyer of Macquarie Capital. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. Snowflake And again -- so that drives us to go acquire more workloads, high-quality workloads, that we can then onboard quickly. High Availability MongoDB's replication … So what would maybe explain it? We are incredibly excited about the opportunity ahead and we'll continue to invest responsibly to maximize our long-term value. Thank you for standing by and welcome to MongoDB's first quarter fiscal year 2024 earnings conference call. And then Michael, real quick. I'll begin with a detailed review of our first quarter results, and then finish with our outlook for the second quarter and full fiscal year 2024. investors MongoDB WebPresentations Corporate Governance Management Team ... MongoDB Investor Session at MongoDB.live. Thank you. We are pleased with our results this quarter, especially given the difficult macro environment. How the Belt Bag Became a Fashion Must-Have. MongoDB MongoDB I'll now provide some more context around our guidance, starting with Q2. So it's very early days. And so that's great to see. China Mobile provides mobile voice and multimedia services via its nationwide mobile telecom network across Mainland China and Hong Kong. And so we do face very difficult compares throughout the year on enterprise advanced. Third, we continue to expect that the year-over-year growth of Enterprise Advanced will be impacted by the difficult compares from the prior-year period. So I would like to ask a question about the replacement opportunity and in just a slightly different way. Thank you. Thank you for taking the questions and congrats to the MongoDB team on a strong start to the year. WebTo opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. NEW YORK, Jan. 5, 2022 /PRNewswire/ -- MongoDB, Inc. , the leading modern, general purpose database platform, today announced that its Chief Operating Officer and Chief Financial Officer,... | February 28, 2023 And so, that's something that people also value, so we still see a lot of demand. In fact, this quarter, we acquired a record number of new workloads from our existing customers. The day will begin at 10:00 a.m. Moving down the income statement. And when you think about the -- as I mentioned, there's a little bit of variability period to period, but other than sort of the start of the downturn in Q2 of last year and the more pronounced holiday slowdown, it's been in a fairly reasonable range. You will see this impact in other subscription revenues, the portion that is neither Atlas nor EA. Headquartered in New York, MongoDB has more than 29,000 customers in over 100 countries. Ford's EV charging tie-up with Tesla ripples through industry GE Healthcare's use of Atlas helps healthcare providers enhance productivity by reducing the complexity and time required to manage databases, resulting in an 83% decrease in data retrieval time and enabling faster deployment of IoT devices. And that's an example what happened this quarter. If we can hire -- acquire high-quality workloads, onboard them well and make sure they're served as well, good things will happen; and that's happening. Thank you. The investor session, hosted by MongoDB's executive team, will follow from 11:30 a.m. – 2:30 p.m. And China Mobile, again, is a great example of that. NEW YORK, Sept. 3, 2019 /PRNewswire/ -- MongoDB, Inc. , the leading modern, general purpose database platform, today announced a change to its presentation time at the Deutsche Bank 2019... | April 27, 2023 We're all trying to get a sense of where are we in sort of the cloud optimization budget scrutiny sort of cycle. Dec 06, 2022, 16:05 ET Third Quarter Fiscal 2023 Total Revenue of $333.6 million, up 47% Year-over-Year Continued Strong Customer Growth with Over 39,100 … WebMongoDB 1st Quarter FY2024 Earnings Call. And I would argue that there's an emerging trend that Atlas is one of the preferred places for AI companies to go to build apps, and so we feel really good about our positioning. We're not assuming things get better or deteriorate further, and so it's consistent with our view that we had 90 days ago. As we talked -- as we listen to the [Hyperscalers] (ph) report, their results seem some of the cloud infrastructure ecosystem reported results. There's always going to be some catalyst. Thanks very much for taking the question. And then further on the 2Q guide, the three extra days relative to Q1, does that loosely offer kind of an added three point sequential boost? Or Mike, are you assuming things get better or things get a little worse? Thank you. Moreover, the shift to AI will favor modern platforms that offer a rich and sophisticated set of capabilities, delivered in a performance and scalable way. By taking advantage of MongoDB's native [sharding] (ph), they were able to improve performance by 80% and go from 50 Oracle machines to just 12 machines for the same workload. And so there's no real reason to change that outlook for the balance of the year. MongoDB They're driving value, which consequently drives our revenue; and we feel really good. There's got to be some compelling event for a customer to do so. As we've talked about for the last several years, we've been deemphasizing upfront commitments, trying to reduce the level of friction, trying to focus on acquiring more workloads and getting more workloads on the platform. Michael will share more detail on this. Announces First Quarter Fiscal 2024 Financial Results, MongoDB and Alibaba Cloud Extend Global Partnership, MongoDB APAC Innovation Award Winners Unveiled, MongoDB, Inc. And so, that's going to happen over the long term and so that's something that's a trend that we're feeling good about. This compares to net income of $15.2 million or $0.20 per share on 77 million diluted weighted average shares outstanding in the year-ago period. It sounded like from what you guys are saying that you guys are executing well, but things are still pretty tight from a budget environment perspective. Mike, if we could unpack the 2Q guide a little bit. And maybe how you're preparing your go-to-market team to tackle that opportunity. It is spread over the duration. First, we expect MongoDB to be a net beneficiary of AI. Any forward-looking statements made on this call reflect our views only as of today and we undertake no obligation to update them, except as. … Thanks very much. If they're not doing well, then obviously they're not going to drive a lot of consumption. Top Investors in MDB Stock. And are you increasingly able to open the door for even bigger deployments in the future? And beyond that, obviously, [indiscernible] is people value MongoDB's ability with a flexible document model. 0 Comments. Turning to the balance sheet and cash flow. Weitere Informationen darüber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklärung und unserer Cookie-Richtlinie. And then one quick last one for you, Michael, on the gross margin outlook. It's not going to happen overnight. Based on information as of today, September 2, 2021, MongoDB is issuing the following financial guidance for the third quarter and full year fiscal 2022. Your question please, Howard. For example, in Q1, more than 200 of the new Atlas customers were AI or ML companies. The MongoDB presentation is scheduled for Monday, January 10, 2022, at 11:30 a.m. Eastern Time. Of our total customer count, over 6,700 are direct sales customers, which compares to over 4,800 in the year-ago period. I'll see you guys in New York in June. I just want to again just close by saying that we had another strong quarter of new business performance, while Atlas consumption rebounded from last quarter. As I mentioned that we've had over 200 customers just in last quarter who are running AI apps on Atlas. Dev, if you -- everyone talks about AI at the moment and Mongo in theory always kind of view as an operational database. Yes. But why did we see that sequential decline in deferred revenue that we haven't typically seen? To summarize, MongoDB delivered strong first quarter results in a difficult environment. Good afternoon, and thank you for joining us today to review MongoDB's first quarter fiscal 2024 financial results, which we announced in our press release issued after the close of market today. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2021 and other filings and reports that we may file from time to time with the SEC. Media Relations Mark Wheeler MongoDB 866-237-8815 x7186 communications@mongodb.com Source: … That's not a phenomenon that we see. And there's still a large percentage of workloads and a lot of customers who still run a lot of important workloads on premise. MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2021 filed with the SEC on June 4, 2021. in the case of non-GAAP net loss, amortization of the debt discount and issuance costs associated with our convertible senior notes. It could be an existing workload that people want to replatform. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the impact that the precautions we have taken in our business relative to the ongoing COVID-19 pandemic may have on our business; the financial impacts of the COVID-19 pandemic on our customers, our potential customers, the global financial markets and our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. Second Quarter Fiscal 2022 Total Revenue of $199 million, up 44% Year-over-Year, Continued Strong Customer Growth with Over 29,000 Customers as of July 31, 2021, MongoDB Atlas Revenue up 83% Year-over-Year; 56% of Total Q2 Revenue. While we are pleased that Atlas Q1 consumption growth was above our expectations, we continue to be mindful of the environment, taking a step back from the near-term trends. We saw a strong quarter of customer -- of direct customer additions in our enterprise channel. Thank you. ", Second Quarter Fiscal 2022 Financial Highlights, A reconciliation of each Non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release.