MongoDB (NASDAQ:MDB) kicked off the week with a robust aftermarket rally, witnessing its shares rise by approximately 11% following the report of its quarterly financial outcomes. The database software leader exceeded both profit and revenue thresholds for the third quarter, showcasing strength in its business model.

This quarter, MongoDB posted a revenue growth of 22%, reaching $529.4 million, significantly outpacing analysts who had anticipated $497.65 million. Additionally, its non-GAAP earnings per share surpassed estimates, coming in at $1.16 versus the predicted 67 cents.

Looking ahead, MongoDB has forecasted revenues for fiscal 2025 to range between $1.973 billion and $1.977 billion, while estimating non-GAAP earnings per share between $3.01 and $3.03.

In terms of leadership, MongoDB announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, will step down at the end of January. Gordon will transition to an advisory role to ensure a smooth transfer of responsibilities. The firm is currently exploring candidates for the new CFO position, considering both internal and external prospects.