MongoDB's Atlas Dilemma: Sustaining Growth in a Post Pandemic World MongoDB's latest quarterly report has left analysts scrambling to assess the durability of Atlas demand, the company's cloud based database service.
The numbers look impressive: 30% revenue growth and a 91% increase in remaining performance obligations (RPO). However, concerns about the sustainability of this growth begin to emerge when examined closer.
The disparity between Atlas and Enterprise Advanced revenue is striking. While Atlas expanded by 29%, Enterprise Advanced and other revenue grew at a rate of 36%.