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Jun 30, 2022
Avepoint Q2 2022 Earnings Report
Avepoint's Q2 2022 financial results were announced, demonstrating solid execution and strong results in a challenging macro environment.
Key Takeaways
AvePoint reported a 23% year-over-year increase in total revenue, reaching $55.7 million, and a 34% year-over-year increase in SaaS revenue, reaching $27.6 million. Total ARR reached $178.2 million, representing a 28% year-over-year growth.
Second quarter SaaS revenue was $27.6 million, representing 34% year-over-year growth (43% adjusted for constant currency).
Second quarter total revenue was $55.7 million, representing 23% year-over-year growth (31% adjusted for constant currency).
Total ARR reached $178.2 million, representing 28% year-over-year growth (29% adjusted for FX impact).
The company expects a $4.8 million impact on ARR and a $5 million impact on revenue due to the strengthening of the U.S. dollar.
Avepoint
Avepoint
Avepoint Revenue by Segment
Revenue by Segment
SaaS Revenue
CapyFin.com Forward Guidance
The company expects the challenging macroeconomic environment to continue for the remainder of the year and anticipates a foreign exchange headwind in fiscal 2022.