MongoDB sends strong signals despite cautious macro tones

TheCUBE Breaking Analysis + upcoming broadcasts [MongoDB sends strong signals despite cautious macro tones]( As theCUBE from MongoDB World 2022, this week’s Analysis]( examines the financial fortunes of the cloud database provider in context of near-term market expectations.    In his [report]( analyst Dave Vellante comments he is seeing “some distinctly different results and guidance from major software companies in recent days.” Strong quarterly reports from MongoDB, Salesforce, UiPath and others should be viewed alongside the cautious views of the macroeconomic climate taken by Microsoft, Workday and Snowflake, he states.   High growth   Narrowing his focus to MongoDB and Snowflake, Vellante compares the two high-growth software companies in a financial snapshot. Adding in spending data from research firm ETR, he then reviews MongoDB’s customer spending patterns and its position relative to its data platform peers.    “One interesting side note is that on Mongo’s earnings call, executives clearly cited the advantages of its increasingly all-in-one approach, relative to others that offer a portfolio of bespoke, ‘horses for courses’ databases,” Vellante states.   The analysis concludes with Vellante answering the question “Why do customers buy MongoDB?” Evaluating the technology behind the company's cloud database platform, Vellante notes that Mongo has a large developer fanbase thanks to the flexibility offered by its decision to use a document database with no fixed schema. “There are nuances and tradeoffs as with any architecture, but Mongo’s approach is gaining traction in the market because simplicity with lots of functionality is a winning formula,” Vellante concludes. Check out Vellante’s [full report]( and catch up with the entire Breaking Analysis column on [SiliconANGLE]( and [Wikibon](. You can also [watch Dave’s analysis on YouTube]( or listen as a [podcast](. [Get the full report here!]( [Top News: Editors' Picks]( [MongoDB debuts new encryption tool and analytics features at MongoDB World]( MongoDB Inc. today [introduced]( features that will enable enterprises to query their data without decrypting it and carry out large-scale analytics projects more easily.  The features were announced at the company’s annual MongoDB World conference. Publicly traded MongoDB provides an open-source NoSQL database that is widely used among developers. The database has been downloaded more than 265 million times, while developers at north of 35,000 organizations use it to power applications. Some of the product updates that MongoDB announced today are rolling out for its namesake open-source database. Other features will become available as part of MongoDB Atlas, a managed cloud version of the database. Atlas removes the need for customers to manage infrastructure and automates a number of other administrative tasks.  “Our vision is to offer a developer data platform that provides a modern and elegant developer experience, enables broad support for a wide variety of use cases, and delivers the performance and scale needed to address the most demanding requirements,” said MongoDB Chief Executive Officer Dev Ittycheria. [Snowflake introduces new cybersecurity workload for its cloud data platform]( Snowflake Inc. today introduced a new cybersecurity workload to help organizations more effectively protect their technology environments from cyberattacks. Snowflake provides a popular cloud data platform, the Snowflake Data Cloud, that enables customers to store and process large amounts of information. The platform [supports]( variety of workloads ranging from marketing analytics to data science. With the cybersecurity workload that was announced today, Snowflake is expanding its focus on those use cases. An important component of Snowflake’s value proposition is the integrations that it provides for partner-developed breach detection tools. Companies can use partner-developed tools to analyze the cybersecurity data they keep in Snowflake’s platform for breach indicators. Several threat detection software providers, including Panther Labs Inc. and Securonix Inc., enable their customers to run analyses on cybersecurity data stored in Snowflake’s platform without having to move the data first.  [New episode! Join theCUBE + AWS June 16]( Let's talk MarTech. On June 16, theCUBE will go live with Season 2, Episode 3 of the AWS Startup Showcase [“MarTech: Emerging Cloud-Scale Customer Experiences.”]( Sharing the latest innovations in marketing technology will be some of the stars of the AWS ecosystem, including Sendbird, mParticle and Branch. These companies share the goal of harnessing bleeding-edge tech, such as AI, to bring deeper insights and optimize the customer experience. “It’s not enough to just collect the data, churn on it, do a bunch of calculations, and then tomorrow figure out how to personalize it. It has to be in interaction time with our customers,” mParticle CPO Chee Chew [told theCUBE](. The Showcase will feature a [keynote from Tim Barnes, global director/GM, advertising & marketing technology vertical at AWS]( and live analysis on key MarTech trends. The presenting startups include: - [Algolia]( AI-powered search and discovery company - [Blueshift]( SmartHub customer data platform - [Branch]( Enterprise mobile growth and attribution platform - [Heap]( Digital insights platform - [SendBird]( Chat API for user-to-user messaging on mobile apps & websites - [mParticle]( Private and secure customer data platform for every screen - [UnitQ]( AI-powered quality monitoring platform Join Chew, Barnes and other MarTech visionaries on theCUBE to discover tomorrow’s technology for hyper-personalized marketing. Study up with our [pre-event Reader’s Guide]( and [register for the free even]( here](. [Join theCUBE live!]( [TheCUBE is goin' to MARS!]( TheCUBE has a packed broadcast schedule for June! On June 8, theCUBE will air coverage from [MongoDB World 2022](. Bringing insights and analysis directly from developers and industry experts on the floor of the conference in NYC, theCUBE will discuss automation trends in database management in context of [breaking news]( from the event. [Get more info in our Reader's Guide here](. Our analysts are also looking forward to attending [Snowflake Summit]( as theCUBE provides in-depth coverage of from June 14 to 16. Topics span innovation in cloud data warehousing, and how Snowflake is positioning itself to maintain market dominance. On June 15, AI-powered incident cause detection and log management company Zebrium promises to reveal the root cause of problems without digging through software logs during theCUBE's exclusive “[Root Cause as a Service]( event. [Register now]( for the live broadcast.   [Amazon re:MARS]( is a global event showcasing the latest in machine learning, automation, robotics and space technology. Join theCUBE June 22-23 to watch our live coverage. And from June 28-30, don't miss theCUBE’s coverage of [HPE Discover 2022](. We'll provide insights about developments in secure connectivity, hybrid cloud, AI, and unified data analytics, as well as breaking announcements for HPE’s GreenLake edge-to-cloud platform. Be the first to hear the news by watching live [with theCUBE’s industry analysts](. SiliconANGLE Media Inc. | [SiliconANGLE.com]( [View as Webpage]( [[Twitter] ]( [[YouTube] ]( [[LinkedIn] ]( SiliconANGLE Media Inc | 5 Mount Royal, Suite 280, Marlborough, MA 01752 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by communication@siliconangle.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](