MongoDB raised its outlook for the full-year after revenue increased and its loss narrowed.

MongoDB surged 20% in after hours trading.

The document database company said Monday it expects revenue to be $2.43 billion to $2.44 billion for the full fiscal year, which is an increase from a previous range of $2.34 billion to $2.36 billion. It now anticipates annual adjusted earnings per share will be $4.76 to $4.80, compared with previous guidance of $3.64 to $3.73.

In the current fourth quarter, MongDB expects revenue to be $665.0 million to $670.0 million with adjusted earnings per share of $1.44 to $1.48. Analysts expect $626 million in revenue and adjusted earnings of 94 cents a share.

MongoDB posted a loss of $2.0 million or 2 cents a share, in the quarter ended Oct. 31, compared with a loss of $9.8 million, or 13 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.32, ahead of the 81 cents anticipated by analysts, according to FactSet.

Revenue rose 19% to $628.3 million. Analysts surveyed by FactSet forecast revenue of $593.9 million. Subscription revenue rose 19% and services revenue increased 12%.

The company is growing its existing customer base and adding net-new customers, Chief Executive CJ Desai said. MongoDB's Atlas platform grew 30% year over year and margins improved.