MongoDB (MDB) to Report Q3 Earnings: What's in the Offing?
MongoDB (MDB) to Report Q3 Earnings: What's in the Offing? MongoDB MDB is set to report third-quarter fiscal 2020 results on Dec 9.For the quarter, the company expects revenues between $9 million and $100 million. The consensus mark for revenues currently stands at $99.7 million, indicating growth of 53.5% from the figure reported in the year-ago quarter.Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average positive surprise being 23.9%. Additionally, the bottom-line performance is expected to reflect higher investments related to sales & marketing and research & development.Key Q3 DevelopmentsOn Oct 30, MongoDB announced a partnership with Alibaba’s BABA data intelligence platform, Alibaba Cloud, to offer customers an authorized MongoDB-as-a-service solution.Moreover, during the quarter, MongoDB announced an expanded partnership with Microsoft MSFT, per which Atlas will be made available on Microsoft Azure Marketplace.Further, Infosys in collaboration with MongoDB announced a new API Speed Layer solution for customers.