Latest news with #MikeGordon
Yahoo
4 days ago
- Business
- Yahoo
MDB Q1 Earnings Call: Cloud Database Growth and AI Initiatives Shape Outlook
Database software company MongoDB (MDB) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 21.9% year on year to $549 million. Its non-GAAP EPS of $1 per share was 52% above analysts' consensus estimates. Is now the time to buy MDB? Find out in our full research report (it's free). Revenue: $549 million (21.9% year-on-year growth) Adjusted EPS: $1 vs analyst estimates of $0.66 (52% beat) Adjusted Operating Income: $87.43 million vs analyst estimates of $56.36 million (15.9% margin, 55.1% beat) Revenue Guidance for Q2 CY2025 is $550.5 million at the midpoint, roughly in line with what analysts were expecting Management raised its full-year Adjusted EPS guidance to $3.03 at the midpoint, a 19.8% increase Operating Margin: -9.8%, up from -21.8% in the same quarter last year Customers: 57,100, up from 54,500 in the previous quarter Annual Recurring Revenue: $1.61 billion at quarter end, up 25.1% year on year Billings: $509.3 million at quarter end, up 23.2% year on year Market Capitalization: $16.32 billion MongoDB's first quarter results were shaped by ongoing adoption of its Atlas cloud database, continued expansion into larger enterprise accounts, and increased self-serve customer acquisition. CEO Dev Ittycheria emphasized that the company's architectural approach—with a document model designed for complex, evolving data—remains central to its appeal for both new application development and legacy modernization. Management pointed out particularly strong net new customer additions, highlighting traction in industries focused on cloud-native and AI-powered applications. The quarter also benefited from higher operational efficiency, with non-GAAP margins improving due to disciplined expense management and a slower pace of headcount additions. Looking forward, MongoDB's updated guidance is anchored in expectations for sustained Atlas cloud growth, ongoing investments in AI-related features, and targeted expansion within the enterprise segment. CFO Mike Gordon noted the company's intent to balance continued innovation with operational discipline, stating, 'We are focused on running an efficient, scalable business that supports growth in revenue and profitability.' Management remains attentive to macroeconomic uncertainty and the timing of multi-year license renewals, which are expected to weigh on non-Atlas revenue in the second half of the year. The company's strategic priorities include advancing its AI platform capabilities, further automating application modernization, and executing a $1 billion share repurchase program to support shareholder value. Management attributed first quarter performance to increased demand for Atlas, accelerating self-serve customer growth, and early returns from investments in AI and modernization tooling. Atlas cloud adoption: Growth in Atlas, MongoDB's fully managed cloud database, was driven by broad customer demand for real-time, cloud-native, and AI-enabled applications. Management cited rapid uptake from both new and existing customers, with Atlas now representing the majority of revenue. Self-serve momentum: The self-serve channel posted its highest customer additions in over six years, indicating MongoDB's growing appeal among developers and small businesses. This channel is seen as a long-term engine for growth, especially as many accounts start small but have potential for expansion. Enterprise and upmarket focus: The company's initiative to shift go-to-market resources from mid-market to enterprise accounts resulted in larger deal sizes and higher sales productivity. Management noted increased engagement with Fortune 500 companies and highlighted several large customer wins this quarter. AI and Voyage acquisition: MongoDB's recent acquisition of Voyage AI was highlighted as a strategic move to strengthen the company's position in AI application development. Embedding and search enhancements from Voyage are expected to improve the performance and cost-efficiency of AI workloads on MongoDB's platform. Operational efficiency: Improved non-GAAP operating margins were attributed to both outperformance in revenue and slower-than-planned headcount additions. Management emphasized ongoing scrutiny of spending and plans to reallocate resources toward higher-return initiatives. MongoDB expects future performance to be shaped by ongoing cloud adoption, AI feature enhancements, and a disciplined investment approach. Atlas momentum and expansion: Management projects continued growth in Atlas, supported by demand for scalable, cloud-based data solutions in both traditional and AI-powered applications. The company is investing in new features to meet evolving enterprise requirements. AI platform integration: The integration of Voyage AI's embedding and search models is expected to enhance MongoDB's value proposition for customers building custom AI solutions. Management sees AI as a long-term driver, though enterprise adoption remains early and subject to talent and trust barriers. Macroeconomic and license renewal risks: Management cautioned that macroeconomic volatility and the timing of multi-year license renewals could create headwinds for non-Atlas revenue in upcoming quarters. The company is maintaining a balanced approach to spending while monitoring these external factors. In the coming quarters, the StockStory team will watch (1) the pace of Atlas customer additions and expansion within larger enterprise accounts, (2) evidence that AI and app modernization features are driving customer adoption and incremental workloads, and (3) the impact of macroeconomic conditions and multi-year license renewals on non-Atlas revenue. Progress on integrating Voyage AI capabilities and execution of the expanded share repurchase program will also be important markers. MongoDB currently trades at a forward price-to-sales ratio of 6.9×. In the wake of earnings, is it a buy or sell? The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Yahoo
20-03-2025
- Climate
- Yahoo
High winds and burn bans keep Southeast Kansas fire crews busy
CRAWFORD COUNTY, Kan. — Southeast Kansas first responders have seen an uptick in calls, as high winds and burn bans continue. Crawford County District 1 Baker Township Fire Chief Mike Gordon, says just in the past 4 to 5 days, they've responded to 14 calls back-to-back. At least 60 percent of those were grass or wind related fires, one of which was significant. He says what's been happening is the strong winds are blowing embers left behind from fires lit days ago and re-igniting them. Satanists sued over 'Black Mass' at Kansas statehouse Community rallies after fire destroys Woodson County's only nursing home Southeast Kansas house fire results in total loss Gordon says that can be a challenge, having to go back to 'hotspots' and having to re-water and put them back out. It's not just them, other departments have stepped up to help. 'Mainly when you start getting multiple calls at the same time, or we start getting fires that are jumping into different properties and we can't stay ahead of it. So we've only had the one call in the last four or five days where we had to have a lot of help,' said Mike Gordon, Crawford County District 1 Baker Township Fire Chief. 'It's safer to have a few more people on scene. It's safer to have some more apparatus on scene, and it's safer for our people, it's safer for the citizens, and it just works out. And that's that's what we we are in this job to do is to help the community,' said Taylor Cerne, Pittsburg Fire Department Fire Chief. Chief Cerne says if you do have a brush pile, leaves or grass that you need to burn– always check with your local fire department to make sure it's safe to burn. Crawford County is still currently under a burn ban. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-03-2025
- Yahoo
Man seriously injured after being struck on I-15 in Spanish Fork
SPANISH FORK, Utah (ABC4) — A man was taken to the hospital with serious injuries after being struck on I-15 in Spanish Fork Saturday morning, according to Utah Highway Patrol. At around 9:15 a.m. on March 15, authorities responded to an auto-pedestrian crash on I-15 Southbound at mile marker 258 in Spanish Fork, according to Sgt. Mike Gordon, UHP. The man had reportedly stopped to check on somebody who was involved in an accident. Sometime after exiting his vehicle, another crash occurred, causing the man to be struck. BYU students write song with Grammy-winning artist Mark Lettieri He was taken to a local hospital via ambulance with serious injuries. Further details regarding the incident have not been made available at this time. This is a developing story. ABC4 will update this post as new information becomes available. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
