MongoDB Inc (NAS:MDB)
$ 289.58 -0.46 (-0.16%) Market Cap: 21.40 Bil Enterprise Value: 20.32 Bil PE Ratio: 0 PB Ratio: 15.70 GF Score: 78/100

MongoDB Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript

Dec 07, 2021 / 02:45PM GMT
Release Date Price: $499.82 (+16.42%)
Raimo Lenschow
Barclays Bank PLC, Research Division - MD & Analyst

Welcome to our next session. I'm really happy to have the team from MongoDB on.

Questions & Answers

Raimo Lenschow
Barclays Bank PLC, Research Division - MD & Analyst

Michael, you just had a very strong Q3 results last night. Maybe from your perspective, like what stood out most like? What was the -- what were the highlights from your perspective?

Michael Lawrence Gordon
MongoDB, Inc. - COO & CFO

Sure. We are happy to go and do it. And first of all, just thanks for having us. Good to see you Raimo. And -- yes, so we reported last night, just quickly for those who don't know revenue just under $227 million, up 50% year-over-year. Subscription revenue was up 51% year-over-year. Atlas is now 58% of the business and grew 84% year-over-year. So really just another strong quarter of new additions, plus 2,000 new customers, plus 300 on the direct sales side.

So just a really strong quarter overall. Strong in terms of new

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