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Technology Stocks : Growth Investing

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From: JakeStraw	3/14/2018 11:33:59 AM
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MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2018 Financial Results markets.siliconinvestor.com "MongoDB's fourth quarter results capped a milestone year for the company and were highlighted by strong customer additions and 50% revenue growth," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. "A rapidly growing number of customers recognize that MongoDB offers a superior way to work with data, the ability to intelligently put data where it is needed and the freedom to run anywhere. Moreover, we are very pleased with the continued rapid growth of MongoDB Atlas, which reflects increasing demand for a flexible, high performance and cost-effective database-as-a-service offering." Ittycheria added, "The recent announcement that MongoDB 4.0 will support multi-document ACID transactions is a major product breakthrough. With this new capability, we believe that our modern general purpose database platform can address any possible use case far better than a traditional database. In fiscal 2019, we intend to build on our market and product momentum and are well positioned to drive continued strong revenue growth."

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