RavenDB and QBS Software Announce Strategic Partnership to Expand NoSQL Innovation Across UK and Europe

LONDON--(BUSINESS WIRE)--RavenDB, the pioneer of hybrid NoSQL document databases for modern applications, today announced a strategic partnership with QBS Software, a leading software distributor with a robust network of resellers and system integrators across the UK and Europe. This alliance is set to accelerate the adoption of RavenDB's high-performance, developer-first data platform throughout the region.
"RavenDB empowers the QBS community to build faster, smarter, and more cost-efficient applications"
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As part of the partnership, QBS will offer RavenDB solutions through its extensive channel ecosystem, enabling more organizations to build responsive, intelligent applications powered by RavenDB's unmatched performance, hybrid deployment model, and frictionless developer experience.
'RavenDB empowers the QBS community to build faster, smarter, and more cost-efficient applications,' said David Baruc, Chief Revenue Officer at RavenDB. 'By combining a flexible document model with built-in full-text search, automatic indexing, and seamless deployment across cloud, on-prem, and edge, we eliminate the need for multiple tools and reduce infrastructure costs and overhead. It's a modern solution built for real-time performance at scale with a strong ease of use.'
RavenDB is trusted by Fortune 500s, global ISVs, and innovative startups to manage mission-critical data without compromising speed, flexibility, or cost-efficiency. The platform's built-in distributed architecture and zero-touch operational overhead allow teams to focus on building applications, not managing infrastructure.
For QBS Software, the partnership solidifies their reputation as a forward-looking, full spectrum software distributor with a commitment to innovation and strategic growth.
Ikramul Khaled, Group Head of Vendor Alliances at QBS Technology Group:
'RavenDB enhances the publisher portfolio for QBS Software by adding a high-performance, flexible and scalable NoSQL database solution. With RavenDB being optimised for speed and low-latency performance, especially in distributed systems and cloud environments, this gives QBS a competitive edge in offering scalable database solutions to our partners.'
As part of the go-to-market collaboration, RavenDB and QBS will jointly host educational webinars, training programs, and partner enablement sessions aimed at accelerating time-to-value for customers and resellers alike.
To learn more about the RavenDB-QBS partnership visit ravendb.net/partners.
About RavenDB
RavenDB is the hybrid NoSQL document database built for modern application development. Used by 12,000 companies across 50 industries, RavenDB helps teams move faster with seamless data management across cloud, on-prem, and edge environments. With full-text search, automatic indexes, and an easy-to-use studio for monitoring and administration, RavenDB is the database developers love and enterprises trust. Learn more at ravendb.net.
About QBS Software
QBS Software (QBS) operates the world's largest enterprise software delivery platform, with a network of over 12,500 SaaS vendors. QBS specialises in long-tail software procurement, delivering niche and emerging software solutions. By simplifying software sourcing, procurement, and delivery, QBS empowers partners to focus on driving business growth. Visit qbssoftware.com.

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Yahoo

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MongoDB Just Beat Expectations: Why Am I Still Not Buying More?

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Revenue for Q1 came in at $549.0 million, a 22% increase year-over-year (YoY), and comfortably ahead of Wall Street's $528 million consensus estimate. Atlas revenue grew 26% YoY and made up 72% of total revenue in Q1, reflecting strong usage trends. While other segments like Enterprise Advanced and services also posted growth, Atlas remains the primary driver of MongoDB's momentum. The company added approximately 2,600 net new customers in the quarter, bringing the total customer count to over 57,100. This was the highest quarterly addition in six years, suggesting MongoDB's strategy to focus on higher-value clients and strong self-service adoption is paying off. In the words of CEO Dev Ittycheria, we got off to a strong start in fiscal 2026 as MongoDB executed well against its large opportunity. MongoDB has shown significant improvements in profitability and efficiency, although it's still unprofitable on a GAAP basis. 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Despite MongoDB's strong top-line performance, stock-based compensation (SBC) remains elevated, consuming 24% of total revenue in Q1. For a company growing revenue in the high single digits and still unprofitable on a GAAP basis, this level of dilution is concerning. MongoDB's cash flow generation and balance sheet also underscore its improving efficiency. Operating cash flow in Q1 rose to approximately $110 million, up from $64 million a year ago, while free cash flow nearly doubled to $106 million. The improvement was driven by higher operating profits and solid collections, leading MongoDB to end the quarter with $2.5 billion in cash and short-term investments and no debt. In fact, boosted by the quarter's results, MongoDB's Board of Directors authorized an additional $800 million buyback authorization, on top of $200 million authorized last quarter, bringing the total program to $1.0 billion. This is a strong vote of confidence by management in the company's future. It's also a shareholder-friendly move to offset dilution from stock-based compensation and the Voyage deal. Due to a blackout period linked to the CFO transition, no shares were repurchased in Q1, but the company indicated buybacks would begin shortly. To put it in perspective, this share buyback is roughly 5% of MongoDB's market capitalization. Looking ahead, MongoDB management struck an optimistic tone and raised their outlook for the full fiscal year. Citing a strong start to the year, the company increased its FY2026 revenue guidance by $10 million to a range of $2.25$2.29 billion. This implies roughly 13% YoY growth at the midpoint, and it incorporates some conservatism for potential macro headwinds in the second half (including an expected $50 million headwind from lower multi-year license revenue in FY26). Management also boosted its profitability outlook, raising the full-year non-GAAP operating income guidance by 200 basis points in margin. The updated guidance calls for FY26 non-GAAP operating income of $267 to $287 million and non-GAAP EPS of $2.94 to $3.12. Previously, the company had expected $210$230 million in non-GAAP operating income (EPS $2.44$2.62) for the year, so this upward revision is substantial. MongoDB appointed Mike Berry as its new Chief Financial Officer in late May. Berry, a seasoned executive with over 30 years of experience and prior CFO roles at NetApp, McAfee, and FireEye, replaces Michael Gordon, who stepped down earlier this year after nearly a decade with the company. Berry's track record in scaling enterprise software businesses and driving operational discipline aligns well with MongoDB's current phase of improving margins and shareholder returns. MongoDB's stock price has rallied on the back of its strong Q1 report, reflecting renewed investor enthusiasm. Even after this jump, it's still undervalued in some multiples compared to its peers. Source: Author Valuation multiples paint a mixed picture. MongoDB trades at the lowest price-to-sales and price-to-gross-profit ratios among its software peers, which could reflect its strong gross margins. However, it may also signal growing investor skepticism about the company's long-term growth trajectory and ability to convert usage into durable profitability. Meanwhile, MongoDB's price-to-earnings-growth ratio is the highest in the group, primarily because its revenue growth is expected to decelerate into the low double digits. In contrast, peers like Snowflake (NYSE:SNOW) and Datadog (NASDAQ:DDOG) continue to command premium valuations, backed by faster top-line expansion and stronger free cash flow margins. Another way to assess the opportunity is through a discounted cash flow analysis that blends multiple-based and perpetuity growth assumptions. I estimate a fair value of around $210 per share, suggesting the stock is fairly valued after the post-earnings rally. Source: Author Finally, in the first quarter of the calendar year, MongoDB has seen the same number of guru sellers as buyers. Baillie Gifford (Trades, Portfolio), Jefferies Group (Trades, Portfolio), and Paul Tudor Jones (Trades, Portfolio) have reduced their positions in the stock, with some trimming up to 98%. On the other hand, Lee Ainslie (Trades, Portfolio) has created a new position, while Steven Cohen (Trades, Portfolio) and PRIMECAP Management (Trades, Portfolio) add to their position significantly. MongoDB's long-term opportunity remains compelling, but several risks warrant attention. The most immediate is the sensitivity of Atlas revenue to macroeconomic conditions. Because Atlas follows a usage-based pricing model, any slowdown in customer consumption, whether from tighter IT budgets or reduced application traffic, can quickly translate into revenue deceleration. In fact, management acknowledged some softness in April before usage rebounded in May, prompting them to maintain a cautious full-year outlook. A second area of concern lies in the company's non-Atlas license revenue, which is expected to decline at a high single-digit rate this year. This includes a roughly $50 million headwind from multiyear license renewals that took place in the prior year. As customers continue shifting to cloud-based solutions, these traditional license revenues may remain volatile and difficult to predict, creating a drag on MongoDB's overall subscription growth in the short term. Lastly, competition from major cloud providers and open-source alternatives remains persistent. AWS DocumentDB, Google Firestore, and Postgres-based document stores represent credible threats. These platforms are often bundled with broader cloud services or offered at lower price points, creating pricing pressure. MongoDB's advantage lies in its developer-friendly architecture and integrated tooling, but maintaining that lead will require ongoing innovation and execution. MongoDB delivered a strong quarter, regaining some favour with Wall Street following two disappointing earnings periods. The company added its highest number of net new customers in six years, demonstrating continued developer interest and adoption. However, management is forecasting a revenue slowdown, with low double-digit growth expected. SBC also remains elevated, a concern given MongoDB's ongoing GAAP unprofitability. I want to see continued progress on profitability, margin expansion, and more disciplined equity compensation practices, particularly as the company matures. This quarter was a solid step in the right direction, but I need to see more. I'll hold my position for another quarter or two before deciding whether MongoDB can sustainably deliver on its potential. This article first appeared on GuruFocus. 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Yahoo

06-06-2025

• Yahoo

DA Davidson Reiterates Buy Rating on MongoDB (MDB), Keeps PT

On June 5, DA Davidson analysts reiterated a 'Buy' rating on MongoDB Inc. (NASDAQ:MDB) stock and stuck with the $275 price target. The analysts asserted the rating and price target in response to the company's robust performance in the first quarter. Copyright: limonzest / 123RF Stock Photo MongoDB delivered Atlas and Non-Atlas revenue that topped analysts' expectations, contributing to a 19.2% year-over-year revenue increase. The company achieved non-GAAP earnings per share of $1.00, better than $0.66 expected. Revenue in the quarter totaled $549 million, above the $528.2 million expected. While Atlas consumption remained under pressure in April, it bounced back in May. On the other hand, Atlas's growth accelerated by 26% compared to 24% in the first quarter of last year. Following the better-than-expected first quarter results, MongoDB raised its fiscal year 2026 guidance due to some non-Atlas timing advantages realized in the quarter. It now expects full-year revenue to range between $2.25 billion and $2.29 billion, signaling confidence in continued growth. The company also increased its operating profit projections to affirm improvements in operational efficiency. DA Davidson reaffirmed the Buy rating buoyed by the company's strategic focus on operational efficiency. MongoDB is a company that develops and supports the MongoDB database, a popular NoSQL database known for its flexibility and scalability. It provides a multi-cloud developer data platform, including cloud-based services like MongoDB Atlas, and caters to a wide range of industries, including financial services, telecommunications, and healthcare. While we acknowledge the potential of MDB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and. Disclosure: None. Sign in to access your portfolio