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Mar 31, 2024
Avepoint Q1 2024 Earnings Report
AvePoint reported strong first-quarter results, surpassing revenue and non-GAAP operating income guidance.
Key Takeaways
AvePoint announced strong first-quarter results, exceeding revenue and non-GAAP operating income guidance. The company's performance was driven by the robust capabilities of its platform and the growing recognition of the need for a strong data foundation for successful AI strategies.
First quarter SaaS revenue reached $51.3 million, representing a 44% year-over-year growth.
Total revenue for the first quarter was $74.5 million, reflecting a 25% year-over-year increase.
Total ARR reached $274.5 million, demonstrating a 23% year-over-year growth.
The company is raising its full year outlook for total ARR, total revenues and non-GAAP operating income.
Avepoint
Avepoint
Avepoint Revenue by Segment
Revenue by Segment
SaaS Revenue
CapyFin.comTerm license and support Revenue
CapyFin.comServices Revenue
CapyFin.comMaintenance Revenue
CapyFin.com Forward Guidance
The company is raising its full year outlook for Total ARR, total revenues and non-GAAP operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income