The database software company reported a fourth-quarter fiscal 2019 adjusted net loss of $9.1 million, or 17 cents per share, beating Wall Street expectations of a wider 38-cent loss. Revenue rose 71% year over year to $85.5 million, well above analysts' estimates of $74 million.
For the fiscal fourth quarter, subscription revenue rose 73% to $80.6 million while services revenue rose 37% to $4.9 million.
Full-year fiscal 2019 revenue rose 61% year over year to $267 million. The adjusted loss was $52.2 million, or $1 per share.
Fiscal 2019 subscription revenue grew 64% to $248 million, with services revenue up 31% from the prior year to $18.6 million.
"MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch," Dev Ittycheria, president and CEO of MongoDB, said in a statement. The company held its initial public offering in October 2017 at a starting price of $24 per share.
The company expects fiscal first-quarter revenue between $82 million to $84 million with adjusted net loss per share between 23 cents to 21 cents.
MongoDB raised its full-year fiscal 2020 revenue guidance significantly from he prior year's $253.8 million, expecting it to come in between $363 million and $371 million.