MongoDB, Inc. (NASDAQ:MDB) Q3 2020 Earnings Conference Call - Final Transcript

Dec 09, 2019 • 05:00 pm ET


MongoDB, Inc. (NASDAQ:MDB) Q3 2020 Earnings Conference Call - Final Transcript


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Good afternoon and welcome to the MongoDB Third Quarter Fiscal 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded.

I would now like to turn the conference over to Brian Denyeau of ICR. Please go ahead.

Brian Denyeau

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

Joining 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 fourth quarter and full year fiscal 2020, our market opportunity and our ability to capture a meaningful share of the global database software market, the opportunity created by and scalability of our go-to-market and growth strategies, the potential advantages of timing and likelihood of success of our new products, product enhancements and planned integrations including as a result of our recent acquisition of Realm, the anticipated impact of Atlas sales expansion on our gross margins and other financial results and 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 reconsidered 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 cause actual results to differ materially from expectations. For a discussion of material risks and other important factors that could affect our actual results, please refer to those in our quarterly report on Form 10-Q filed with the SEC on September 5, 2019 and our other periodic filings with the SEC. These documents are available in the Investor Relations section of our website at A replay of this call will also be available there for a limited time.

Additionally, non-GAAP financial measures will be discussed on 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 their most directly comparable GAAP financial measure.

With that I'd like to turn the call over to Dev.

Dev Ittycheria

Thanks, Brian, and thanks to everyone for joining us today to review our third quarter results. MongoDB continued to deliver terrific financial and operational results that further strengthen our position as the most popular modern data platform in the world. Our performance is driven by the