After languishing for most of 2023, software and security infrastructure stocks finished the year with an impressive run. This inflection started with Q3 results as the hyperscalers telegraphed a moderation of the optimization headwinds that had been plaguing the sector since 2022. After spending the prior 12 months wringing out savings from their cloud workloads, […]| Software Stack Investing
After guiding for a sequential 4% drop in revenue for Q1, MongoDB delivered a strong beat. More importantly, their preliminary estimate for Q2 revenue would achieve a reacceleration of annual growth if they outperform at the same level as Q1. The revenue projection for Q2 even leapfrogged past the analyst consensus for Q3. While the […]| Software Stack Investing