- MongoDB has an unrivaled leadership as the only evolving standalone player in the attractive NoSql and DBaaS spaces.
- The EA offering proves to be reliable as an enterprise-grade solution. We expect stronger market share gains. Total customers with at least $100k ARR up by 30% in Q1.
- Atlas will continue to benefit from the expected increased investment in the self-service channel in Q2 and beyond. We expect Atlas to make +50% of MongoDB's business at year-end.
We have a bullish long-term view on MongoDB (MDB), the provider of cross-platform document-based database solutions. The company has been relatively consistent in maintaining an exceptional +50% growth over the last few years, driven by its disruptive offering and the secular trends for NoSql and DBaaS (Database as a Service) adoptions across potential customers of all sizes.
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