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221220 mongo db

This week the company is a provider of databases and other software services for the corporate sector MongoDB Inc. (NASDAQ: MDB) has released a report for the third quarter ended October 31, 2020. Sales continue to grow at a strong pace and MongoDB expects to maintain momentum. MongoDB's revenue raised 38% yoy to $ 150.8 million in the past quarter. Revenue from its flagship product, the NoSQL database platform as a service Atlas, increased 61% to 47% of the company's total revenue. MongoDB was one of the first to introduce a cloud database that can work with multiple cloud providers at the same time. At the end of the entire 2021 fiscal year, MongoDB expects revenue of $ 574.4 - $ 576.4 million. In previous trading, the MDB share was worth $ 280.01.

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