The secret weapon of the AI ​​revolution

MongoDB (NASDAQ:MDB) just came off a record quarter, beating expectations with revenue jumping 22% to $529.4 million. Atlas, their cloud database darling, stole the show with growth of 26%, while non-GAAP net income reached $98.1 million, or $1.16 per share, compared to $0.96 -dollars a year ago. The result? Shares rose 2% in premarket trading, and investors are taking note. CEO Dev Ittycheria didn’t hold back, calling MongoDB the future of app development, especially as AI reshapes the technology landscape.

What drives the enthusiasm? MongoDB 8.0 is now live and includes over 45 upgrades that increase performance, scalability, and security. Partnerships with cloud titans AWS (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) are growing quickly, and their AI Applications Program (MAAP) is attracting big names like IBM (NYSE:IBM) and Capgemini. Add to that the AI-specific tools and the push to modernize legacy apps, and you have a company poised to become a cornerstone of the new AI technology stack. With Dev at the helm, MongoDB shows it knows how to ride the AI ​​wave and lead it.

Looking ahead, MongoDB expects fourth-quarter revenue of $515 million to $519 million, reflecting the company’s confidence in its continued success. Sure, CFO Michael Gordon will be stepping down soon, but with nearly 50x revenue growth since the IPO, this isn’t a company that’s floundering. With artificial intelligence exploding and MongoDB well-positioned to capitalize on it, this is not just a wink but a playbook on how to dominate the future of data-driven innovation.

This article first appeared on GuruFocus.