MongoDB Inc (NAS:MDB)

$ 359.27 0.03 (0.01%) Market Cap: 26.17 Bil Enterprise Value: 25.33 Bil PE Ratio: 0 PB Ratio: 24.44 GF Score: 85/100

MongoDB Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript

Dec 10, 2020 / 02:30PM GMT

Release Date Price: $319.06 (+13.95%)

Transcript 10-Q8-K

Raimo Lenschow

Barclays Bank PLC, Research Division - MD & Analyst

Hey, good morning. Welcome to our next session. I'm really happy to hear -- to have Michael Gordon and Serge Tanjga over here from Mongo.

Maybe we start off to get everyone on the same picture. Mike, you had like really good Q3 numbers this week. Just maybe give us a couple of the highlights for you, and then we kind of go into kind of more deeper Q&A.

Michael Lawrence Gordon

MongoDB, Inc. - COO & CFO

Yes. Great. No, thanks for having us. Good to see you, Raimo. Thanks, everyone, for joining.

Yes, we reported a couple of nights ago, I guess Tuesday night, our third quarter results, very strong results. Revenue was up 38% year-over-year. Subscription revenue was up 39% year-over-year. Atlas, which is our database as a service offering, was up 61% year-over-year. It is now 47% of revenue, so closing in on half on the revenue.

And it was another great quarter in terms of customer additions, with customers topping 22,600. And we talked about how we

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