Breaking Analysis with Dave Vellante
MongoDB Sends Strong Signals Despite Cautious Macro Tones
13 Jun 2022
Earnings season has shown a conflicting mix of signals for software companies. Most firms are expressing caution over macro headwinds citing a combination of Ukraine, inflation, interest rates, EMEA softness, currency, supply chain and general demand for technology. But MongoDB, along with a few other names appeared more sanguine, thanks to a beat in the recent quarter and a cautious but upbeat outlook for the near term. In this Breaking Analysis, ahead of MongoDB World 2022, we drill into the company’s business and what ETR survey data tells us in the context of overall demand and the patterns from other software companies.
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