MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service

MongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service.Revenues hit $549 million during the period, jumping 22$450 million in the year-ago period. That topped a $528 million estimate from analysts polled by LSEG. Adjusted earnings per share reached$1.00, surpassing the 66 cents per share projected by analysts."We are confident in our position to drive pro ...