Latest news with #DoubleClick
Yahoo
23-06-2025
- Business
- Yahoo
Spotting Winners: MongoDB (NASDAQ:MDB) And Data Storage Stocks In Q1
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at data storage stocks, starting with MongoDB (NASDAQ:MDB). Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 7.7% on average since the latest earnings results. Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. MongoDB reported revenues of $549 million, up 21.9% year on year. This print exceeded analysts' expectations by 4.1%. Overall, it was a very strong quarter for the company with EPS guidance for next quarter exceeding analysts' expectations and an impressive beat of analysts' EBITDA estimates. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $201.11. Is now the time to buy MongoDB? Access our full analysis of the earnings results here, it's free. Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. Commvault Systems reported revenues of $275 million, up 23.2% year on year, outperforming analysts' expectations by 4.8%. The business had a very strong quarter with an impressive beat of analysts' billings estimates and a solid beat of analysts' EBITDA estimates. Commvault Systems achieved the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 2.9% since reporting. It currently trades at $170.45. Is now the time to buy Commvault Systems? Access our full analysis of the earnings results here, it's free. Started by brothers Ben and Moisey Uretsky, DigitalOcean (NYSE: DOCN) provides a simple, low-cost platform that allows developers and small and medium-sized businesses to host applications and data in the cloud. DigitalOcean reported revenues of $210.7 million, up 14.1% year on year, exceeding analysts' expectations by 1%. Still, it was a mixed quarter as it posted EPS guidance for next quarter missing analysts' expectations. DigitalOcean delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 16% since the results and currently trades at $27.52. Read our full analysis of DigitalOcean's results here. Formed in 2011 with the merger of Membase and CouchOne, Couchbase (NASDAQ:BASE) is a database-as-a-service platform that allows enterprises to store large volumes of semi-structured data. Couchbase reported revenues of $56.52 million, up 10.1% year on year. This result beat analysts' expectations by 1.7%. Zooming out, it was a satisfactory quarter as it also produced an impressive beat of analysts' EBITDA estimates. Couchbase had the slowest revenue growth among its peers. The stock is up 33% since reporting and currently trades at $24.69. Read our full, actionable report on Couchbase here, it's free. Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time. Snowflake reported revenues of $1.04 billion, up 25.7% year on year. This number topped analysts' expectations by 3.4%. Taking a step back, it was a satisfactory quarter as it also logged an impressive beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. Snowflake delivered the fastest revenue growth among its peers. The company added 26 enterprise customers paying more than $1 million annually to reach a total of 606. The stock is up 18.2% since reporting and currently trades at $211.72. Read our full, actionable report on Snowflake here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
04-06-2025
- Business
- Yahoo
MongoDB (NASDAQ:MDB) Reports Strong Q1, Stock Jumps 14.3%
Database software company MongoDB (MDB) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 21.9% year on year to $549 million. The company expects next quarter's revenue to be around $550.5 million, close to analysts' estimates. Its non-GAAP loss of $0.46 per share was significantly below analysts' consensus estimates. Is now the time to buy MongoDB? Find out in our full research report. Revenue: $549 million vs analyst estimates of $527.5 million (21.9% year-on-year growth, 4.1% beat) Adjusted EPS: -$0.46 vs analyst estimates of $0.66 (significant miss) Adjusted Operating Income: $87.43 million vs analyst estimates of $56.36 million (15.9% margin, 55.1% beat) The company slightly lifted its revenue guidance for the full year to $2.27 billion at the midpoint from $2.26 billion Management raised its full-year Adjusted EPS guidance to $3.03 at the midpoint, a 19.8% increase Operating Margin: -9.8%, up from -21.8% in the same quarter last year Free Cash Flow Margin: 19.3%, up from 4.2% in the previous quarter Customers: 57,100, up from 54,500 in the previous quarter Billings: $509.4 million at quarter end, up 23.3% year on year Market Capitalization: $15.73 billion Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, MongoDB grew its sales at an impressive 29.1% compounded annual growth rate. Its growth beat the average software company and shows its offerings resonate with customers. This quarter, MongoDB reported robust year-on-year revenue growth of 21.9%, and its $549 million of revenue topped Wall Street estimates by 4.1%. Company management is currently guiding for a 15.1% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 11.9% over the next 12 months, a deceleration versus the last three years. Still, this projection is above average for the sector and indicates the market is baking in some success for its newer products and services. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Billings is a non-GAAP metric that is often called 'cash revenue' because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. MongoDB's billings punched in at $509.4 million in Q1, and over the last four quarters, its growth was impressive as it averaged 23.7% year-on-year increases. This alternate topline metric grew faster than total sales, meaning the company collects cash upfront and then recognizes the revenue over the length of its contracts - a boost for its liquidity and future revenue prospects. MongoDB reported 57,100 customers at the end of the quarter, a sequential increase of 2,600. That's a little better than last quarter and quite a bit above the typical growth we've seen over the previous year. Shareholders should take this as an indication that MongoDB's go-to-market strategy is working well. We were glad MongoDB raised its full-year revenue and EPS guidance. We were also impressed by how significantly the company beat analysts' revenue and adjusted operating income expectations. Zooming out, we think this quarter featured some important positives. The stock traded up 14.3% to $228.46 immediately after reporting. MongoDB put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
30-05-2025
- Business
- India.com
Google Once Paid $100 Million To Retain This Indian-American Executive – Hint: Not Sundar Pichai
photoDetails english 2908373 Updated:May 30, 2025, 02:58 PM IST Google's $100 Million Bet to Keep Neal Mohan 1 / 7 In 2011, Google made headlines for offering an eye-popping 100 million dollars package to Neal Mohan, an Indian-American executive, to keep him from leaving the company. This massive offer was part of a fierce battle to retain one of their top product strategists, proving how much Google valued his talent and vision. The High-Stakes Talent War with Twitter 2 / 7 According to a 2011 TechCrunch report, Google's Back then, Neal Mohan was about to join Twitter (now X) as Chief Product Officer. Twitter's former board member David Rosenblatt, who had worked with Mohan before, wanted him badly. To stop this, Google offered Mohan 100 million dollars in restricted stock units, vesting over several years, to persuade him to stay. Meet Neal Mohan – The Rising Star 3 / 7 Neal Mohan is a Stanford electrical engineering graduate who started his career at Andersen Consulting (now Accenture). He later joined NetGravity, a startup that was acquired by DoubleClick. At DoubleClick, Mohan quickly rose to become Vice President of Business Operations, showing strong leadership in digital advertising. Mohan's Key Role at Google After Acquisition 4 / 7 When Google acquired DoubleClick for 3.1 billion dollars in 2007, Neal Mohan took on a leadership role within Google's advertising business. By 2011, he was a crucial figure in developing Google's ad products and shaping the future of YouTube's platform, becoming a driving force behind their success. Twitter's Attempt to Woo Sundar Pichai Too 5 / 7 Twitter's talent hunt wasn't limited to Mohan. The company also tried to recruit Sundar Pichai, who was leading Google's Chrome and Chrome OS teams. Google responded by offering Pichai a 50 million dollars stock grant to keep him from moving to Twitter, reflecting the fierce competition for tech leadership at the time. Where Are They Now? 6 / 7 Today, Neal Mohan is the CEO of YouTube, having taken over in 2023 after Susan Wojcicki's departure. Sundar Pichai became Google's CEO in 2015 and later Alphabet's CEO in 2019. Both men remain influential leaders, shaping the future of the tech world. Why Top Talent Is Worth Billions 7 / 7 This story highlights how tech giants like Google go to great lengths, including massive pay packages, to retain talented leaders. Executives like Mohan and Pichai are crucial to driving innovation and maintaining a company's competitive edge in a cutthroat industry.
&w=3840&q=100)
Business Standard
29-05-2025
- Business
- Business Standard
Inside Google's $100 mn gamble to retain YouTube CEO Neal Mohan in 2011
Within Silicon Valley's high-stakes arena, retaining top talent often requires bold moves — and Google's $100 million bet on Neal Mohan is a textbook example. More than a decade ago, the tech giant shelled out a massive stock package to stop Mohan from jumping ship to rival X. The revelation surfaced recently on Zerodha co-founder Nikhil Kamath's podcast, where Mohan appeared as a guest. Kamath recalled reading about the extraordinary counteroffer made by Google in 2011. 'I remember reading this thing about Google offering you $100 million not to quit. Not today, but 15 years ago, which was a lot of money,' Kamath said. Mohan did not deny the claim. Inside the $100 million deal At the time, Mohan was a central figure in Google's advertising and YouTube product strategy. Twitter, aiming to strengthen its product leadership, had approached Mohan for the position of Chief Product Officer. The offer was reportedly championed by David Rosenblatt, Mohan's former boss at DoubleClick and a board member at X. Sensing the risk of losing a valuable resource, Google swiftly responded with a counteroffer — restricted stock units worth over $100 million that would vest over several years. The offer was made even before an official one came through from X, according to a 2011 TechCrunch report. The move underscored Mohan's growing influence and the strategic importance Google placed on keeping him. Interestingly, Mohan was not the only Google executive X was eyeing. Sundar Pichai, then leading Chrome and Chrome OS, was also approached. Google responded with a $50 million stock grant to retain him. From startup roots to Silicon Valley leadership Neal Mohan's career trajectory reveals why Google was so determined to keep him. A Stanford University graduate in electrical engineering, Mohan started as a senior analyst at Andersen Consulting (now Accenture) in 1994. In 1997, he joined NetGravity, which was later acquired by DoubleClick. At DoubleClick, Mohan rose to become vice-president of business operations. He was instrumental in reshaping the company during tough times, and when Google acquired it in 2007 for $3.1 billion, Mohan transitioned into a senior role in Google's ad division. By 2011, he was already shaping YouTube's product roadmap and had become indispensable to Google's product development efforts. The $100 million retention deal turned out to be a prudent investment — his work proved pivotal in shaping YouTube's future. Rise of a quiet tech leader Mohan's impact continued to grow after the failed X move. In 2015, he was appointed Chief Product Officer at YouTube, and by 2023, he had succeeded Susan Wojcicki as CEO of the platform. Despite his low public profile, Mohan remains one of the most influential figures in tech. Beyond his executive role, Mohan is also an Advisory Council Member at Stanford University's Graduate School of Business and a member of the Council on Foreign Relations.
Time of India
28-05-2025
- Business
- Time of India
Google paid Neal Mohan $100 million to stop him from joining Twitter
Google reportedly paid Indian-American executive Neal Mohan $100 million more than a decade ago to prevent him from leaving the company for Twitter , now known as X. The revelation resurfaced during a recent episode of Zerodha cofounder Nikhil Kamath's podcast, where the host referenced the intense competition among tech companies to retain senior leaders. In 2011, Neal Mohan was a key figure in Google's advertising and YouTube product strategy. During the podcast, Kamath said, 'I remember reading this thing about Google offering you $100 million not to quit. Not today, but 15 years ago, which was a lot of money.' Mohan did not deny the claim. According to a 2011 TechCrunch report, the compensation was offered in the form of restricted stock units that would vest over several years. The offer was reportedly made after Twitter tried to recruit Mohan as its chief product officer. That move was led by David Rosenblatt, Mohan's former boss at advertisment company DoubleClick and a Twitter board member at the time. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Mohan holds a degree in electrical engineering from Stanford University and began his career at Andersen Consulting (now Accenture), later joining adtech startup NetGravity. Following NetGravity's acquisition by DoubleClick, he rose to become vice president of business operations. He transitioned to Google in 2007 when it acquired DoubleClick for $3.1 billion and went on to play a critical role in shaping its advertising and video product strategy. By 2011, he had emerged as one of the most influential voices in Google's product development efforts. The $100 million retention package was seen as a strategic move to safeguard Google's leadership bench at a time when top executives were being aggressively courted by rivals. Mohan was not the only executive approached by Twitter. Around the same time, Twitter also attempted to hire Sundar Pichai , who was then leading Chrome and Chrome OS at Google. The search giant reportedly countered with a $50 million stock grant to retain him. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Both Mohan and Pichai have since risen to the top of their respective organisations. Mohan succeeded Susan Wojcicki as chief executive officer of YouTube in 2023. Pichai was appointed CEO of Google in 2015 and took on the role of Alphabet Inc's CEO in 2019.
