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Sep 30, 2024
Avepoint Q3 2024 Earnings Report
Announced third quarter financial results, exceeding guidance for the seventh consecutive quarter.
Key Takeaways
AvePoint reported strong third-quarter results, exceeding guidance for the seventh consecutive quarter. Total revenue reached $88.8 million, a 22% year-over-year increase, and SaaS revenue grew by 45% to $60.9 million. The company is raising its full-year outlook for total ARR, total revenues, and non-GAAP operating income.
Third quarter SaaS revenue was $60.9 million, a 45% year-over-year growth.
Total revenue for the third quarter reached $88.8 million, representing a 22% year-over-year increase.
Total ARR reached $308.9 million, 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 again 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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