Up and beyond9/11/2023 The company also fended off a challenge a few years ago from Amazon, which had launched a competing service called DocumentDB, but MongoDB has now clearly established itself as the leader of the NoSQL database software niche, and it could be a winner from the artificial intelligence (AI) boom as that will create more demand for databases to train and run AI models. Meanwhile, it's now profitable on a non-GAAP (adjusted) basis as adjusted profit per share jumped from $0.20 in the quarter a year ago to $0.56. That kind of model can be more sensitive to changes in the macroeconomic environment, but the company is, nonetheless, delivering solid growth. MongoDB uses a consumption-based model, meaning it charges customers based on usage. The database specialist added 2,300 customers in the quarter, reaching 43,100, and it now has nearly 2,000 customers generating $100,000 in annual recurring revenue. CEO Dev Ittycheria called it "mission-critical." MongoDB also posted its biggest customer growth in two years, showing that its product is a must-have for companies even in a challenging macro environment. Atlas made up 65% of revenue in the first quarter. In its just-reported first-quarter earnings, revenue jumped 29% to $368.3 million, driven by 40% growth from MongoDB Atlas, its cloud-based database-as-a-service product. MongoDBĪnother tech stock fresh off a strong earnings report is MongoDB (NASDAQ: MDB), which specializes in NoSQL database software, allowing companies to store, manage, and analyze data in ways that go well beyond the constraints of the typical spreadsheet. The Trade Desk is still down more than 30% from its peak in 2021, and the stock should come roaring back once the ad market starts to rebound. UID 2.0 has been embraced by major advertisers including Walt Disney, Procter & Gamble, and NBC Universal, a bullish sign for The Trade Desk as it enters the next era of digital ads. The Trade Desk's Unified ID 2.0 (UID 2.0) protocol gives companies a way to track customers through a hashed email address, allowing for more privacy protections than third-party cookies but still enabling ad targeting. In addition to its leading position in digital adtech, which has a lot of growth in front of it as the connected TV market is just beginning to emerge, The Trade Desk is also well positioned for a cookie-less world as Google is set to ban third-party cookies from Chrome. Unfortunately, I think it may be beyond my powers as a programmer to set up such a counterfeit world. Adjusted net income in the quarter rose 9% to $114 million. Then they discovered that this was beyond their power. It does not store any personal data.Meanwhile, in its first quarter, The Trade Desk posted a solid earnings report with revenue up 21% to $383 million, and the company is also solidly profitable, unlike most growth stocks. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The internet has become so ingrained in our lives that its often taken. ![]() This cookie is set by GDPR Cookie Consent plugin. So if youre looking for brilliant choices to invest your money in the tech sector, look at these two stocks. ![]() The cookies is used to store the user consent for the cookies in the category "Necessary". ![]() The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. They heard footsteps in the main room, beyond a door. preposition If something is beyond a place or barrier, it is on the other side of it. Necessary cookies are absolutely essential for the website to function properly. Definition of beyond Word Frequency beyond (bjnd ) 1.
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