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AvePoint, Inc. (NASDAQ: AVPT) stands as a leader in enabling enterprise collaboration across multiple platforms and devices. Founded in 2001 and headquartered in Jersey City, NJ, AvePoint excels in assisting enterprises in their digitization journey, allowing information workers to collaborate confidently. The company's unique solutions centralize access and control of information assets in various collaboration and document management systems, both on-premises and in the cloud.
AvePoint's services cater to business, IT, compliance, and risk officers to achieve critical business objectives like big data management, cloud integration, compliance, enterprise content management, and mobile data access monitoring. With a presence in over 14,000 organizations across five continents, including 3 million Office 365 users, AvePoint is pivotal in industries such as energy, utilities, financial services, healthcare, pharmaceuticals, and the public sector.
One of AvePoint’s standout offerings is its Confidence Platform, delivering a comprehensive set of cloud-based solutions that enable IT operations, development operations, and cybersecurity professionals to monitor and secure digital workplaces using SaaS tools. Their recent advancements include the AvePoint Cloud Backup Express, which offers secure data protection for Microsoft OneDrive, SharePoint, and Exchange at enhanced speeds within the Microsoft 365 security boundary.
AvePoint is continually innovating, as seen with its next-generation AvePoint Confide powered by SharePoint Embedded, which ensures secure collaboration beyond the firewall while integrating seamlessly with Microsoft 365 tools. The company’s robust cyber resilience strategy is evidenced by multiple accreditations, including HITRUST CSF v11.0.1 and FedRAMP (moderate) Authorization for several products, validating its commitment to safeguarding sensitive data, especially in regulated industries like healthcare and the public sector.
Having recently reported strong financial results for Q4 2023 and Q1 2024, with notable growth in revenue and non-GAAP operating income, AvePoint is well-positioned to leverage its platform for ongoing success. The company continues to push the envelope in data management and governance, further underscored by collaborations with major partners like Microsoft.
For more information, visit www.avepoint.com.
AvePoint (NASDAQ: AVPT) reported strong financial results for Q2 2024, with total revenue reaching $78.0 million, up 20% year-over-year. SaaS revenue grew 40% to $53.6 million, while total ARR increased 23% to $290.1 million. The company's non-GAAP gross margin improved to 76.2%, and non-GAAP operating income rose to $8.7 million.
AvePoint's CEO, Dr. Tianyi Jiang, highlighted the company's continued execution and growing demand for its SaaS platform. The company has raised its full-year 2024 outlook, projecting total ARR of $319.0-$323.0 million and total revenues of $320.2-$324.2 million. AvePoint also won its sixth global Microsoft Partner of the Year award, demonstrating its expertise in Microsoft technology solutions.
AvePoint (Nasdaq: AVPT), a leader in data management and governance, has announced its participation in several upcoming investor conferences. The company's executive team will present at the Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 12 and the Piper Sandler Growth Frontiers Conference on September 10.
Additionally, AvePoint will attend the Citi 2024 Global TMT Conference on September 4 and the Goldman Sachs Communacopia + Technology Conference on September 9. Live and archived audio webcasts of all presentations will be accessible on the AvePoint Investor Relations website, providing investors with opportunities to gain insights into the company's strategies and performance.
AvePoint (Nasdaq: AVPT) has announced the general availability of Cloud Backup Express, a data protection solution using Microsoft 365 Backup Storage. This new offering provides:
- 20x faster data backup and recovery than traditional cloud backup
- Advanced in-product integrations with Microsoft 365 Backup Storage
- Comprehensive security and compliance features
- Multi-cloud security framework for protecting various enterprise workloads
The solution addresses growing concerns about data privacy and security in AI implementation. AvePoint's CTO, John Peluso, emphasizes the importance of data protection, classification, and governance in today's business environment. The company's partnership with Microsoft has been further strengthened, with AvePoint earning its sixth global Microsoft Partner of the Year award.
AvePoint (NASDAQ: AVPT), a global leader in data management and governance, will announce its second quarter 2024 financial results on August 8, 2024, after US markets close. The company will host a conference call at 4:30pm ET the same day, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci. They will discuss results, current business trends, and conduct a Q&A session.
Participants can join the call by dialing 1-833-816-1428 (US) or 1-412-317-0520 (international) with passcode 3133340. A live webcast will be available on AvePoint's Investor Relations website, with a replay accessible for about 90 days. AvePoint serves over 21,000 customers globally and has a channel partner program with 3,500+ service providers, resellers, and integrators.
AvePoint (Nasdaq: AVPT) has won its sixth global Microsoft Partner of the Year Award, this time in the Education category, as announced on June 26, 2024. The award recognizes outstanding innovation and implementation of customer solutions based on Microsoft technology. AvePoint's AI-powered MaivenPoint edtech platform and AI chatbot for Fairfield Primary School were significant contributors to this recognition. Additionally, the company collaborated with NTUC LearningHub and Singapore Quality Institute, saving over 2,500 hours annually through AI and machine learning enhancements. Regional achievements include two Microsoft Singapore Partner of the Year Awards and being a finalist for the Microsoft APAC ISV Partner of the Year Award.
AvePoint (Nasdaq: AVPT) has been recognized on Inc.’s annual Best Workplaces list for 2024, highlighting its exceptional workplace culture in the software industry.
This distinction underscores AvePoint's commitment to its employees, which has been integral to its innovation and growth. Evaluations included surveys on management effectiveness and benefits, where AvePoint scored ten percentage points higher than average.
Founded in 2001, AvePoint has grown from a small startup to a 2,600-person global organization, maintaining its entrepreneurial spirit and focus on internal mobility, rewards, and enablement programs.
Recent accolades also include recognition by BuiltIn as one of the best places to work in the U.S. for the third year in seven major cities.
AvePoint (NASDAQ: AVPT) reported strong financial results for the first quarter of 2024, with SaaS revenue reaching $51.3 million, a 44% year-over-year growth. Total revenue was $74.5 million, up 25% from the same period last year. The company's gross profit increased to $54.1 million, and non-GAAP operating income was $6.6 million. AvePoint also raised its full-year outlook for total ARR, total revenues, and non-GAAP operating income. The company's cash, cash equivalents, and short-term investments stood at $219.3 million as of March 31, 2024.
AvePoint (Nasdaq: AVPT) will participate in upcoming investor conferences to present their advanced platform optimizing SaaS operations and secure collaboration. The company's executive team will attend various conferences, providing live and archived webcasts for investors.
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