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Benzinga
Benzinga
Business
Priya Nigam

UNCOVERED: Mongodb s next growth driver isn t what most investors expect - The Untold Story

MongoDB

At its annual New York conference on Wednesday, MongoDB Inc. (NASDAQ:MDB) laid out growth targets that suggest its core database business won't be the only engine powering results ahead. Management pointed to emerging technologies and customer shifts that could add momentum on top of its steady revenue outlook.

The company projected high-teens revenue growth for the next three to five years and announced plans to continue investing in the business, according to Needham.

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