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
: I'll echo the congrats, awesome set of numbers here. Two questions. I'll start with you, Michael, just kind of building off the thread
that Brent started last question around expansion. I know you guys don't get granular with disclosure around net revenue retention
metrics and north of 120% is great. But is it fair to think that you're seeing that metric tick higher? I mean I think it makes sense given
net adds have been strong, but they've been pretty consistent for the last 5, 6 quarters, but growth has been accelerating. Is that
one of the drivers?
Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst
: Yes. No, it makes sense. And then, Dave, I want to ask you a competitive question that's really not related at all to the quarter. But
my sense is that Redis is out talking to public investors a bit more. So maybe you could just spend a minute touching on competitive
differentiation there. I don't know if that's key value versus document or maybe use cases where they make more sense than you
and vice versa? Any compared to contrast, I think, would be helpful at this point.
Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst
: Dave and team, congratulations on a fantastic quarter. Dave, I'm curious to get your perspective. As you look at Atlas, if you were to
look at it 3 to 4 years from now, what kind of scale of applications do you see Atlas supporting, scope of applications, scale-up
applications Atlas supporting that are currently does not today? And what are the other technological breakthroughs that you're
looking for in the core system to be able to accomplish clearly 3, 4 years from now what MongoDB's capable of achieving? Congrats
again.
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: I wanted to ask you about the EA business, if we can go back to that 20% growth is an acceleration from mid-teens over the last
couple of quarters. And if it was not the EA business that was the beneficiary of these early renewals, what would you attribute the
growth rate acceleration to? Michael, I know you mentioned generally new business demand but maybe you could elaborate.
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: Got it. Okay. That's helpful. And then Michael, just if you don't mind, back on DR, does it feel like this early renewal, larger multiyear
commitment phenomenon is sort of one-off-ish? Or does it feel like this is the start of a trend? And maybe to put it another way,
would you encourage us to be somewhat tempered in our DR growth estimates for 4Q and 1Q, if in fact, some deals, renewals were
pulled forward?
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: Yes. Hence my question, that's clear.
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DECEMBER 06, 2021 / 10:00PM, MDB.OQ - Q3 2022 MongoDB Inc Earnings Call
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