The stock market has had a turbulent last quarter, but Billion-Dollar Unicorn MongoDB (MDB) seems immune to the fluctuations. Since listing on the Nasdaq in October 2017, the database services provider has seen its stock more than triple. Recent results suggest that the growth is not slowing down soon.
MongoDB recently announced third quarter results that saw revenues grow 57% over the year to $65 million. Subscription revenues grew 59% to $60.1 million and Services revenues grew 36% to $4.9 million. For the quarter, net loss grew from $24.2 million a year ago