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Sep 30, 2023
Avepoint Q3 2023 Earnings Report
Announced strong third quarter results with revenue and ARR growth.
Key Takeaways
AvePoint reported a strong third quarter, exceeding guidance for total revenues and non-GAAP operating income. The company's total ARR grew by 25%, driven by the increasing importance of data management in the context of generative AI.
SaaS revenue reached $41.9 million, a 40% increase year-over-year.
Total revenue was $72.8 million, representing a 16% increase year-over-year.
Total ARR reached $250.6 million, a 23% increase year-over-year, or 25% adjusted for FX.
The company is raising its full year outlook for total ARR, total revenues and non-GAAP 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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