MongoDB, Inc. (NASDAQ:MDB) Q1 2020 Earnings Conference Call - Final Transcript

Jun 04, 2020 • 05:00 pm ET


MongoDB, Inc. (NASDAQ:MDB) Q1 2020 Earnings Conference Call - Final Transcript


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Good day and welcome to the MongoDB First Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Mr. Brian Denyeau, please go ahead.

Brian Denyeau

Thank you, Sean. Good afternoon and thank you for joining us today to review MongoDB's first quarter of fiscal year 2021 financial results, which we announced in our press release issued after the close of market today. Joining me on the call today are Dave 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 on our 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 second fiscal quarter and full year fiscal 2021; the anticipated impact of the COVID-19 pandemic and market trends in our future results of operation and market position; the impact of ASC606 revenue timing and adverse sales on our future results of operations; our market opportunity and prospects to increase our market share of the global database software market, the opportunity here to continuing [Phonetic] shift to the cloud; the ability of our data platform strategy and our investments in R&D; marketing and hiring to driving sustained [Phonetic] long-term growth.

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 construed 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 the material risks and other important factors that could affect our actual results, please refer to those contained in our annual report on Form 10-K filed with the SEC on March 27, 2020, our current report on Form 8-K filed with SEC today, and in subsequent reports that we filed with SEC from time to time, including our quarterly report on Form 10-Q that we intend to file in near term.

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 the 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. We have a lot to cover. But before I do, I would like to speak to what's happening across the United States and in many parts of the