Cloud enterprise tech: Is this partnership trend going to last?
Since the cloud pie is so big and IT spending is growing too foes are becoming partners. We’ll see how long this lasts.
Six months after AWS’s announcement of a rival service, it’s clear that MongoDB’s Atlas managed cloud service maintains real momentum. While it’s a bit early to judge the impact of AWS’s service, MongoDB’s latest quarterly results, announced a few weeks back, showed Atlas now accounting for 35% of overall revenues, and up 340% year over year. While a good chunk of this came through the mLab acquisition last fall that added a long tail of thousands of smaller-scale self-service users, organic growth accounted for the lion’s share of revenue.
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