India, June 5 -- Shares of MongoDB, Inc. gained around 15 percent in the extended trading on Wednesday, and is currently 16 percent higher in the pre-market activity on the Nasdaq, after the database software company lifted its fiscal 2026 outlook after reporting narrower net loss in its first quarter with higher revenues. The company also issued second -quarter outlook and announced a share buyback program for additional $800 million.
Dev Ittycheria, President and Chief Executive Officer of MongoDB, said, "MongoDB is off to a strong start in fiscal 2026 with 26 percent Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years. .. Looking ahead, we see an incredible opportunity for cu...