Mongodibi shares showed a 30 per cent jump on August 27. The reason for this is the company better results than expected in the second quarter. Mongodibi is an American database software company. The company has predicted better performance even further. This made the investors invested fiercely in stock, which led to a huge rise in its prices.
Revenue increased by 24 percent
Mongodb Revenue increased by 24 per cent year -on -year basis in the quarter ended July 31. During this time the company’s net loss stood at $ 4.70 million. This is less than a net loss of $ 5.45 million in the same period of a year ago. The sales of Mongodibi Atlas rose 29 per cent year -on -year basis. This is the company’s cloud database service.
Create 5000 new customers
The company said that it has created more than 5,000 new customers so far this year. This is the highest number of new customers in the first half of a year. While presenting the result, the CEO of the company said that we see the hope of better performance in the future, as the companies coming to Mongodibi to run their business are mostly AI companies.
Benefits of change in business strategy
The company has changed its business strategy. It is increasing focus by dealing with big companies. It wants to show less interest in the deal with small and medium -sized companies. The CEO of the company said that this strategy has benefited. In the financial year 2026, the company has estimated a revenue of $ 2.34 to $ 2.36 billion.