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Mar 31, 2023
Avepoint Q1 2023 Earnings Report
AvePoint's first quarter results for 2023 showed solid growth, exceeding revenue and operating income guidance.
Key Takeaways
AvePoint reported a strong start to 2023 with revenue and operating income exceeding expectations. The company is raising its full-year outlook for ARR, revenues, and non-GAAP operating income.
First quarter SaaS revenue reached $35.5 million, a 34% year-over-year increase (39% adjusted for constant currency).
Total revenue for the first quarter was $59.6 million, representing an 18% year-over-year growth (23% adjusted for constant currency).
Total ARR reached $222.4 million, reflecting a 26% year-over-year growth (31% adjusted for FX impact).
The company is raising its full year outlook for total ARR, total revenues and non-GAAP operating income.
Forward Guidance
The Company is raising its full year outlook for total ARR, total revenues and non-GAAP operating income.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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