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Benzinga

Business

Adam Eckert

Why MongoBD Stock Is Trading Higher Today

MongoDB MDB Nasdaq

MongoDB Inc (NASDAQ:MDB) shares are trading higher Thursday after the company 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.

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