MongoDB (MDB) reported $549 million in revenues for the latest quarter, marking a 22% year-over-year growth, with Atlas revenues increasing by 26%, comprising 72% of total revenues. The company’s net income was $86 million, and free cash flow reached $106 million. In contrast, Oracle (ORCL)‘s cloud database services grew 31% year-over-year, with a $2.6 billion annualized revenue run rate.
MongoDB’s fiscal second-quarter earnings estimate stands at 64 cents per share, reflecting an 8.57% decline year-over-year, while Oracle’s fiscal first-quarter estimate is projected at $1.47 per share, indicating a 5.76% year-over-year growth. Year-to-date, ORCL shares have gained 38.9%, whereas MDB shares have declined by 11.2%.
Valuation-wise, MDB’s price-to-sales ratio is 6.76X, lower than ORCL’s 9.46X, making MDB’s shares relatively cheaper. The overall sentiment suggests that MDB offers better long-term investment potential due to faster innovation and an improving cash flow situation.
