MongoDB, Inc. (NASDAQ:MDB) Q4 2023 Earnings Call Transcript

Operator: Thank you. Our next question comes from Jason Ader with William Blair. You may proceed.

Unidentified Analyst: Hi. This is Sebastian on for Jason. Can you maybe talk about any changes you saw in your ability to acquire customers or add more workloads to the Mongo Duty platform starting in January, specifically as we entered a new budget year? Was there any step-up in deal scrutiny or macro laser weakness?

Dev Ittycheria : We’ve seen no change in terms of our ability to acquire new workloads. I mean, we do see that the — and we talked about this in the prepared remarks that obviously there’s probably more scrutiny in many organizations about expenditures. But again, given the mission criticality of what we do the ROI that people get. These are things that — and frankly how effective our go-to-market teams have been in navigating this hurdles has really resulted in another strong quarter of customer adds.

Michael Gordon: Yes. And Sebastian to your question, I wouldn’t assume any of that is unique to January, right. I think it’s more just reflective of the current market environment broadly.

Unidentified Analyst: Okay. Great. Thank you.

Operator: Thank you. This concludes the Q&A session. I’d now like to turn the call back over to Dev Ittycheria for any closing remarks.

Dev Ittycheria : I want to thank everyone for joining our call. I just want to again reiterate that we had another strong quarter of new business performance, while Atlas consumption does remain impacted by macro headwinds. Our new business performance and customer feedback gives us a lot of confidence and optimism about our long-term prospects. We are responding to the macro headwinds by raising the bar on performance and efficiency and slowing down headcount growth and focusing on what we consider to be the highest priority investments. And I do believe that we will emerge from the slowdown stronger and even better positioned to change achieve the long-term opportunity. With that, I want to thank everyone for joining our call, and we’ll speak to you soon. Take care.

Operator: Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.