MongoDB Chief Executive Officer Dev Ittycheria shared positive news regarding the company’s performance for the second quarter of 2025. Following the release of the financial results, MongoDB’s shares surged by as much as 16% in after-hours trading on Thursday. The company exceeded expectations, reporting an adjusted earnings per share of 70 cents compared to the anticipated 49 cents. Additionally, MongoDB’s revenue of $478.1 million surpassed the projected $464.1 million.

Revenue for MongoDB saw a year-over-year growth of 13% in the quarter ending on July 31, as stated by the company. However, there was a net loss of $54.5 million, equivalent to 74 cents per share, in comparison to $37.6 million or 53 cents per share recorded in the same quarter the previous year.

CEO Dev Ittycheria expressed confidence in MongoDB’s ability to support customers in integrating generative AI into their operations and modernizing their existing application infrastructure. He noted that the company’s Atlas cloud database service performed better than anticipated in terms of consumption. Despite challenges in economic conditions affecting Atlas consumption growth in the previous quarter, the trend continued into the second quarter.

During a conference call with analysts, Ittycheria emphasized that MongoDB remained resilient in securing new business opportunities despite external factors impacting other software vendors. Moreover, he mentioned plans to assist companies in transitioning from Elastic products, referencing a statement made by Elastic’s CEO on their client commitments.

For the upcoming fiscal third quarter, MongoDB provided guidance on expected adjusted earnings of 65 to 68 cents per share, with revenue projected to be in the range of $493.0 million to $497.0 million. The company also raised its forecast for fiscal 2025, anticipating adjusted earnings of $2.33 to $2.47 per share and revenue between $1.92 billion to $1.93 billion.

Despite the positive financial results, MongoDB shares had experienced a 40% decrease for the year, contrasting with the 17% increase seen in the S&P 500 index during the same period.

Gain further insights on MongoDB’s development, AI trends, and cloud expenditure: Watch the video below.