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MongoDB says expects to see sequential decline in non-Atlas revenue in Q4 

Says in terms of Atlas consumption, expects to see a typical seasonal slowdown in Q4 driven by underlying application usage moderating during the holiday season. Says since Atlas consumption remained lower on a year-over-year basis in Q3, expects to see continued deceleration of Atlas year-over-year growth in Q4. Says expects to see a sequential decline in non-Atlas revenue in Q4, which is contrary to normal pattern. Says experienced a significant additional benefit from multi-year deals in Q3, which is not expected to recur in Q4.    

Says reallocating a portion of go-to-market resources from the mid-market to the enterprise channel. Says expects to see significantly fewer mid-market direct sales customer net additions and as a result, slower direct sales customer growth going forward. Comments taken from Q4 earnings conference call.

MongoDB CFO Michael Gordon Resigns