Avepoint Q2 2022 Earnings Report
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
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.