MongoDB shares rose 15% in after-hours trading on Monday after the company announced strong third-quarter earnings that topped Wall Street estimates and issued a strong forecast.
The database software maker reported a revenue of $628 million, which was up 19% year over year, blowing past the $592 million expected by LSEG analysts.
The company's adjusted earnings per share of $1.32 also beat Wall Street's projections of 80 cents per share.
CEO Chirantan "CJ" Desai told CNBC's Jon Fortt on Monday that the company saw "significant growth" in its large enterprise segment during the third quarter, driven by rising demand in the Americas, Europe, the Middle East and Africa.
"In addition, our self-service business delivered exceptional results," Desai said. "We had many, many customers, including digital natives, AI natives, and developers around the world who are building on MongoDB."