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Jun 30, 2023
Avepoint Q2 2023 Earnings Report
Reported a strong second quarter, driven by SaaS revenue growth and ARR expansion.
Key Takeaways
AvePoint announced its second quarter 2023 financial results, featuring a 39% year-over-year growth in SaaS revenue and a 16% year-over-year growth in total revenue. The company is raising its full-year outlook for total ARR, total revenues, and operating income.
SaaS revenue increased by 39% year-over-year.
Total revenue increased by 16% year-over-year.
Total ARR grew by 26% year-over-year, or 30% adjusted for FX impact.
The company raised its full-year guidance for total ARR, total revenues, and operating income.
Forward Guidance
AvePoint 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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