MongoDB Inc (NASDAQ:MDB) shares surged higher Thursday after the company late Wednesdsay reported better-than-expected top-line results and issued guidance above analyst estimates.
MongoDB said first-quarter revenue increased 57% year-over-year to $285.45 million, which beat the estimate of $266.45 million, according to data from Benzinga Pro. The company said the strong revenue growth was primarily driven by 82% growth in Atlas, MongoDB's cloud database service.
