Summary by Moomoo AI
On March 7, 2024, MongoDB, Inc. released its financial results for the fourth quarter and full fiscal year ended January 31, 2024. The report highlighted a 27% year-over-year increase in total revenue for the quarter, reaching $458.0 million, and a 31% increase for the full year, totaling $1.68 billion. MongoDB's Atlas revenue grew by 34% year-over-year, accounting for 68% of the total Q4 revenue. The company also reported a gross profit of $343.4 million for Q4, maintaining a 75% gross margin, and a full-year gross profit of $1.26 billion with a 75% gross margin. Despite these gains, MongoDB experienced a net loss of $55.5 million, or $0.77 per share, for Q4, and a net loss of $176.6 million, or $2.48 per share, for the full year. However, non-GAAP net income was reported at $71.1 million...Show More
