TMTB: MDB ORCL First Takes
MDB +10%: Looks Strong with Q3 rev numbers way above bogeys and Atlas stronger as well. Q4 inline-ish with buyside but co’s guide typically viewed as conservative.
The bull case of accelerating revs heading in 2025 gets strong support as overal revs +22% vs 13% last q on a 10 pt easier comp. Comps get easier over the next several quarters, so guide will be viewed as conservative and bulls will hope that rev growth can get back to mid 20s.
Keep reading with a 7-day free trial
Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.