Thanks, Dev.
outlook quarter a delivered we results, both begin our then financially of and the with first detailed quarter our operationally. performance quarter, fiscal full for the mentioned, and year second with in a As first I'll finish and strong review XXXX.
I'll quarter our with First, start results. first
the in up $XXX.X quarter year-over-year. million, was XX% revenue Total
healthy in within continues is and acquiring for continue resonate workloads as this remain to a we priority customers mentioned, Dev top we As our see customers, in our customers. both To proposition even new market. environment, terms value that acquiring business us, of well this new to as confirmation existing new a
our Shifting to product mix.
in quarter year fiscal start grew to XX% compared revenue XX% and last first quarter. XX% the compared XXXX, previous the quarter Let's of to represents and the in XX% Atlas Atlas. total with of
platform we impacted can reminder, macroeconomic and that to on customer end-user revenue our which is a application, the of Atlas of factors. related recognize closely consumption based activity be by primarily As consumption
quarter. Atlas Let context me some provide on in consumption the
This above in by expectations. As Dev and growth stronger QX mentioned, our underlying growth broad-based in consumption driven usage. was outperformance application was
the QX the the in experienced prior QX last were than the better below expected, consumption slowdown trends While beginning growth we levels to of remains year. of had
to Enterprise Advanced. Turning
was QX exception fiscal and very our growth. As difficult you slower EA by know, facing we throughout evidenced be year-over-year as no compares EA XXXX, revenue will
had were QX guidance. sequentially, fact seasonally the slower better than our for However, EA is EA. a typically revenues QX in despite that quarter is is what which up we business This anticipated new
growth. to Turning customer
over to we in customer is year-ago sequentially, period. Of year-ago up in total which direct During are bringing from our X,XXX grew over the our our customer approximately XX,XXX, XX,XXX base customer over total sales count X,XXX customers, first by compares quarter, to X,XXX the the which period. customers over count,
As direct now to as relationship. a driven our by customers whom direct count are established customer who self-serve growth sales as customers a well is reminder, platform we've net-new our with
-- is We our keep our strong direct at expansion annualized customers of incremental We which customers in in -- saw the primarily quarter period. the to in Atlas additions over quarter had quarter to The X,XXX enterprise by the with customer from ended year-ago year-ago which the ARR total being in mind a existing customers our with quarter channel. had XXX%. and growth adding of over above Atlas period. is rate least ARR in customer XX,XXX workloads. Atlas, reflects in net count count MRR, $XXX,XXX of customer We EA X,XXX in to It the new addition MongoDB compared is with growth driven up to in customer end another that XX,XXX our customers expansion at important
on overall from the was in of the especially profit be pleased results income our is business. the year-ago We're noted. first in of up otherwise of Atlas our which Gross $XXX.X I'll million, a statement. basis XX%, the gross very XX% gross period. Moving a quarter context with down our representing discussing progression, unless non-GAAP margin in margin XX% representing
for period. versus is year-ago or XX% X% results outperformance. our operating for guidance quarter Our primary a million, compared strong reason first income to income operating our margin was in operations revenue the The $XX.X the margin from
addition, incur benefited programs, marketing the In and QX in other internal to events the expenses, from year. which now expect of later timing we
weighted weighted period. quarter income million year-ago XX net or of on income the based outstanding This diluted for diluted in per to average outstanding. million Net or $X.XX shares share million first XX.X $XX.X $XX.X share per compares shares $X.XX on million average was the
was cash $XX.X flow million with and expenditures compares flow cash first flow to cash the quarter in in cash first million of $XX.X to $X lease in consideration ended Operating balance quarter. Turning capital sheet quarter approximately the first million. free flow. XXXX. and $X.X repayments We liabilities, free the equivalents, $X.X was in cash quarter fiscal of cash. billion million into restricted short-term After cash, and the principal investments the This finance in of taking
full now like quarter to outlook and turn XXXX. fiscal to I'd year the second our for
revenue For the be expect to the to $XXX second $XXX quarter, of range we million. million in
income non-GAAP be of and $XX $XX XX.X net the range operations diluted to in share be income million expect million shares in to outstanding. the of estimated We non-GAAP based range $X.XX $X.XX to on from to weighted average per million
For $X expect billion billion $X.XXX in to the we revenue range XXXX, the $X.X to fiscal full be year to billion. of
to XX $XXX share million, income non-GAAP be be from net the full non-GAAP operations the includes full that the year range of of to outstanding. per guidance income tax a $X.XX to estimated quarter based $XXX non-GAAP of the in net on range average XXXX, weighted the For expect share per million and XX%. second to $X.XX Note fiscal fiscal in diluted provision income we for million year shares and non-GAAP XXXX approximately
context some around with starting provide more now guidance, I'll our QX.
remind days more QX to Atlas QX, which than three you QX has want for is a I First, that revenue. tailwind
Second, we business the a QX. stronger after expected a sequential decline expect to in than see EA
positively a relationship large revenue deals, with $XX which revenue million. of by a an license roughly we few renewal have upfront our Those our in deals recently and component, signed most Alibaba. QX Third, notably licensing extension impact will
impact this the EA. Atlas revenues, nor that subscription in see portion other neither will is You
New uptick Finally, sequential we largest expenses our since in in expect York. events some of and marketing to a we QX, in significant see notably have sales most MongoDB.local
year our guidance. to full Turning updated
previously are revenue exit our QX QX expectations ARR than rest the stronger we performance. expected now First, for higher is given because of the year Atlas increasing the
by Atlas growth that will Second, we expect be continue XXXX. difficult consumption environment to fiscal macro impacted the throughout
QX assume full is our for for consumption from consumption of growth average guidance revenue in with since XXXX growth unchanged to last In slowdown in year. provided of continues year the the what our usage range words, revised remainder the fiscal year Our the remain growth last we've initial other quarter. we experienced line assumptions began that guidance
period. difficult continue to we by growth Advanced from the expect of the Third, that impacted compares year-over-year the Enterprise will prior-year be
assumption while we QX increased of X.X% and of thanks to Finally, meaningfully the in for fiscal to improvement are basis to our margins long-term performance operating compared the midpoint at fiscal XXXX strong our outlook, revenue an invest to XXXX, points increasing pursue continuing our opportunity. guidance, approximately XXX to
delivered results first difficult a in summarize, To MongoDB environment. quarter strong
Our for net the developer new demand business customer continued total our strong and demonstrate additions data platform. performance
the continue that are to the While of a consumption was Atlas pleased our growth mindful we environment, be back above expectations, we from taking step trends. QX near-term
and we'll opportunity value. We are our to incredibly about responsibly ahead the continue long-term invest maximize to excited
to Operator? like questions. we'd up open that, With to
