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Why MongoDB Stock Jumped on Friday

·2-min read
Why MongoDB Stock Jumped on Friday

MongoDB's first-quarter sales rose 39% year over year to $182 million, comfortably ahead of Wall Street's consensus estimate of $170 million. Atlas generated 51% of MongoDB's revenue in the first quarter, passing the 50% marker within five years of its introduction. Businesses of every size and description are racing to take advantage of MongoDB's flexible database systems to power their own software and services.