Cloud company MongoDB soars after crushing earnings

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The company saw a massive boon from revenue in its Atlas segment, its fully managed cloud database product.

Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019.

"MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch," CEO Dev Ittycheriasaid in a statement."MongoDB Atlas' tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.

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I wonder if all of the employees wear shirts that say “We do it in the cloud.”

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