MongoDB shares tumbled 22% Tuesday after the database software company gave weaker-than-expected forecasts for full-year revenue and first-quarter adjusted earnings. The figures are reviving concern about expansion amid an intensifying product race and signaling rising competitive intensity and slower expansion of customer wallets, according to research from Bloomberg Intelligence. MongoDB's 2027 revenue guidance implies a roughly 600-bp deceleration vs. 2026, while the operating-income view trails consensus.
Chirantan “CJ” Desai is the President and Chief Executive Officer of MongoDB, a position he assumed in November. He discusses the company’s latest earnings report and the impact of artificial intelligence as he looks to allay investor fears following the stock price's biggest drop since last March. CJ speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
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