The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst
: Great set of numbers here. Michael, I'm going to start with you. I feel silly asking this coming off of a 73% growth quarter, and I know it's clearly not
contemplated in the guide. But is it possible that Atlas could accelerate further from here as we lap quarters a year ago where expansion was
coming under pressure during COVID?
Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst
: Yes. Yes. Okay. That's helpful color. And then, Dev, as a follow-up, as we think about the introduction of new functionality over time and how you
take that to market, do you think there are capabilities that may come in the form of new SKUs? Or should we expect the innovation to be more
aimed at kind of differentiating the core offering? I think of like Realm and Lake and Search and what you did there. Just trying to think about kind
of the longer-term monetization of R&D efforts.
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: Maybe one for Dev, one for Michael. Dev, I'm just wondering if you could comment on the pace at which the firm was able to add quota-carrying
reps during the quarter and whether the performance during the quarter has changed your hiring plans for the full year. And then maybe, Michael,
when you were providing Q1 guidance 3 months ago, you did mention that, I think it was on the EA side, a rev rec 606-related issue that might
cause subscription revs to be down sequentially. It clearly wasn't, but I'm wondering if -- whether that issue that was on your mind transpired and
was simply offset by goodness elsewhere. Maybe you could comment on that.
Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst
: Congratulations on a wonderful quarter, especially the cloud traction you're getting. Dev, I wanted to just get your perspective on incrementally
speaking, as the economy opens up, you've been very successfully operating and producing results in a virtual setting. As we open up, what are
the incremental opportunities that MongoDB can take advantage of that you couldn't with the virtual setting during the pandemic?
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