By Karen Roman
AvePoint, Inc. (Nasdaq: AVPT) said first quarter total revenue increased 25% to $93.1 million compared to the year prior, while SaaS revenue grew 34% to reach $68.9 million.
The company also updated its FY guidance and expects total revenue of $397.4 million to $405.4 million and non-GAAP operating income of $61.4 million to $64.4 million, it said.
“Highlighted by record growth in net new ARR and meaningful operating margin expansion, our first quarter results reflect our ability to efficiently address the intensifying convergence of data security, governance, and resilience challenges facing companies today,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder.
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