MongoDB shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast.

Here’s how the company did in comparison with LSEG consensus:

• Earnings per share: $1.00 adjusted vs. 66 cents expected
• Revenue: $591 million vs. $556 million expected

MongoDB’s revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47.04 million, or 58 cents per share, compared with a net loss of $54.5 million, or 74 cents per share, in the year-ago period.

Sales of MongoDB Atlas, the company’s cloud database service, rose 29% year over year.

MongoDB said it added more than 5,000 customers year to date, “the highest ever in the first half of the year.”

“We think that’s a good sign of future growth because a lot of these companies are AI native companies who are coming to MongoDB to run their business,” CEO Dev Ittycheria said in an interview on CNBC’s “Squawk Box.”

MongoDB has been pursuing deals with large companies, while pulling back on small and medium-sized businesses. Ittycheria said that move has been “really paying dividends.”

“The workloads we started acquiring last year are really starting to grow meaningfully and grow faster than we expected, which is driving Atlas’ growth,” Ittycheria said.

For the fiscal third quarter, the company called for adjusted earnings per share between 76 and 79 cents and revenue of $587 million to $592 million. That surpassed Wall Street’s expectations for earnings of 71 cents per share and $583 million in sales, according to LSEG.

Revenue for fiscal 2026 is projected to be between $2.34 billion and $2.36 billion, while adjusted earnings per share will be in the range of $3.64 to $3.73. Analysts estimated $2.29 billion and $3.10 per share, according to LSEG.

MongoDB’s full fiscal year guidance from June was for $2.25 billion to $2.29 billion in revenue and earnings per share of $2.94 to $3.12.