MongoDB, Inc. announced strong financial results for the third quarter ended October 31, 2024, with total revenue reaching $529.4 million, a 22% increase year-over-year. This performance significantly exceeded expectations on both the top and bottom lines. MongoDB Atlas revenue grew 26% year-over-year, accounting for 68% of total revenue, driven by new business wins and the platform's capabilities for mission-critical use cases.
The company reported non-GAAP net income per share of $1.16, surpassing the average analyst estimate of $0.69. MongoDB ended the quarter with over 52,600 customers. For the fourth quarter of fiscal 2025, MongoDB provided guidance for revenue between $515.0 million and $519.0 million, and non-GAAP net income per share between $0.62 and $0.65.
For the full fiscal year 2025, the company expects revenue between $1.973 billion and $1.977 billion, with non-GAAP net income per share between $3.01 and $3.03. Concurrently, MongoDB announced that Michael Gordon, Chief Operating Officer and Chief Financial Officer, will step down on January 31, 2025, and will serve as an advisor for a smooth transition. Serge Tanjga, Senior Vice President of Finance, will serve as interim CFO if a permanent successor is not named by February 1st.
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