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MongoDB Shares Spike 25% as Cloud Database Provider Posts Big Earnings Beat

Por: MarketWatch Business December 06, 2022

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The results will be seen as a huge positive surprise for software investors, who in recent weeks have seen softer-than-expected growth from other cloud-based software players with consumption-based business models, like Amazon Web Services and Microsoft Azure. In after-hours trading, MongoDB shares are 25% higher, at $181.40. As of the regular session close, Mongo shares had been down 73% for the year. For the quarter, MongoDB (ticker: MDB)... + full article



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