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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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