MongoDB Still Getting More Growth From Established Customers Than AI -- Market Talk
Dow Jones
May 29
1841 ET - MongoDB's established customers in industries like financial services, technology and media are still driving the bulk of its growth, but the company's AI business is picking up steam, the company says on its earnings call. "Smaller but accelerating growth drivers included early AI deployments with many of these same enterprise customers, and momentum with frontier labs and AI-native companies," Chief Financial Officer Michael Berry says. Companies are moving agentic AI applications into production "and choosing MongoDB as the data platform to power them," Chief Executive Chirantan Desai says. Shares up 1.9% to $332 in trading after hours. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 18:41 ET (22:41 GMT)
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