MongoDB (MDB) Earnings Preview, Could Face Volatility Near Term - Needham
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MongoDB (MDB) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q & FY21 EPS Guidance Below Consensus, 1Q & FY21 Revenues Guidance Above Consensus
March 9, 2021 4:11 PM UTCMongoDB (NASDAQ: MDB) reported Q4 EPS of ($0.33), $0.06 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $171 million versus the consensus estimate of $156.97 million.
Fourth Quarter Fiscal 2021 Financial Highlights
Revenue: Total revenue was $171.0 million in the fourth quarter fiscal 2021, an increase of 38% year-over-year. Subscription revenue was $163.9 million, an increase of 39% year-over-year, and services revenue was $7.1 million, an increase of 24% year-over-year.Gross Profit: Gross profit was $120.0 million in the fourth quarter fiscal 2021, representing a 70% gross margin, compared to 72% in the year-ago period. Non-GAAP gross profit was $123.3 million, representing a 72%... More