MongoDB (NASDAQ:MDB) experienced a significant boost as its shares climbed by 13% during extended trading on Wednesday. This surge followed the database company’s announcement of stronger-than-expected first-quarter results. For the period ending April 30, MongoDB reported an adjusted profit of $1.06 per share. Additionally, the company raised its guidance for future periods and expanded its share buyback program. These developments have been well-received by investors, reflecting confidence in MongoDB’s growth trajectory and financial health.
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