MongoDB, Inc. (NASDAQ:MDB) Q2 2020 Earnings Conference Call Transcript

Sep 04, 2019 • 05:00 pm ET

Previous

MongoDB, Inc. (NASDAQ:MDB) Q2 2020 Earnings Conference Call Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Operator
Operator

Good day, ladies and gentlemen, and welcome to today's MongoDB Second Quarter Fiscal 2020 Earnings Call. I'd like to remind everyone that this conference is being recorded.

And at this time, I'll turn the floor over to Brian Denyeau, ICR Investor Relations.

Executive
Brian Denyeau

Thank you, Greg. Good afternoon and thank you for joining us today to review MongoDB's second quarter fiscal 2020 financial results, which we announced in our press release issued after the close of market today.

Joining me on the call today are Dev Ittycheria, President and CEO of MongoDB; and Michael Gordon, MongoDB's COO and CFO.

During this call, we may make statements related to our business that are forward-looking under Federal Securities Laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to our financial guidance for the third quarter and full year fiscal 2020, our market opportunity, the opportunity created by and scalability of our go-to-market and growth strategies. The potential advantages of our new products, product enhancements and planned integrations, including as a result of our recent acquisition of Realm. Timing of the transition of mLab customers to Atlas and anticipated revenue deterioration from mLab customers, the anticipated impact of Atlas sales expansion on our gross margin, anticipated investments in the business and their impact on future cash flows.

The words anticipate, continue, estimate, expect, intend, will and similar expressions are intended to identify forward-looking statements or similar indications of future expectations. These statements reflect our views only as of today and should not be considered as representing our views as of any subsequent date. We do not have plans to update these statements, except as required by law. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.

For a discussion of the material risks and other important factors that could affect our actual results, please refer to those contained in our quarterly report on Form 10-Q with the SEC on June 7th, 2019 and our other periodic filings with the SEC. These documents are available in the Investor Relations section of our website at www.mongodb.com. A replay of this call will also be available there for a limited time.

Additionally, non-GAAP financial measures will be discussed in this conference call. Please refer to the tables in our earnings release on the Investor Relations portion of our website for a reconciliation of these measures to the most directly comparable GAAP financial measure.

And with that, I'd like to turn the call over to Dev.

Executive
Dev Ittycheria

Thanks, Brian. Thanks to everyone for joining us to review our second quarter results. MongoDB continued to perform at a very high level, driven by broad based strength in all geographies and industries. Our results continue to demonstrate that MongoDB has clearly established itself as the most popular modern database platform of choice in the world. Our success is being driven by our strong product market fit