Avepoint Inc. Stock Price, News & Analysis

AvePoint reported a strong finish to 2021, ending with over 2,800 partners, primarily active MSPs, which contributed to a triple-digit growth in monthly recurring revenue from its Elements Managed Services Platform. The company introduced enhancements to its global partner program, including a certification program for partners and a Partner Technical Advisory Council. Recent advancements in the Elements platform include integrations for Cloud Backup capabilities for Google Workspace and Salesforce, improving partner operations and customer retention.

AvePoint (NASDAQ: AVPT) has announced an expansion of its FedRAMP (moderate) authorization, validating its SaaS solutions for federal use. This development showcases AvePoint's commitment to maintaining high security standards for public sector clients, including agencies like the U.S. Department of State and NASA. The expanded authorization includes new products such as Cloud Backup for Salesforce and Microsoft Teams solutions. This move aims to bolster confidence in managing sensitive data across various SaaS platforms.

AvePoint (NASDAQ: AVPT) has launched Confide, an innovative virtual data room designed to enhance data security for businesses without compromising efficiency. Confide is fully integrated with Microsoft 365, enabling seamless collaboration for sensitive projects like mergers and acquisitions. Key features include an intuitive setup, robust governance for project permissions, and real-time insights into document activity. This product aims to empower business leaders while reducing the burden on IT teams. AvePoint also introduced Fly, a cloud migration tool.

AvePoint Cloud Backup has been recognized as a Leader in The Forrester New Wave™: SaaS Application Data Protection, Q4 2021. It received the highest current offering score among 10 vendors, achieving the top rating in Microsoft 365, Google Workspace, and Salesforce backup capabilities. The report highlights its advanced security and usability features, including unlimited restores and flexible storage options. AvePoint aims to address the growing need for effective data protection in SaaS applications, emphasizing its commitment to multi-SaaS capabilities.

AvePoint, the leading data management solutions provider for Microsoft 365, reported strong financial results for the third quarter of 2021, with total revenue reaching $54 million, marking a 36% year-over-year increase.

Subscription revenue demonstrated impressive 79% growth year-over-year, while SaaS revenue also grew by 59%. The company's total annual recurring revenue (ARR) was $147.5 million, up 32% year-over-year. Despite a GAAP operating loss of $28.7 million, non-GAAP operating income stood at $4 million. AvePoint forecasts fourth-quarter revenues between $56.4 million and $58.4 million.

AvePoint EduTech announced a contract worth $37 million SGD with Temasek Polytechnic to deploy a SaaS training management platform for over 100,000 learners in Singapore. The platform, available by 2023, will offer 44,000 courses and enhance digital learning experiences for learners, educators, and administrators. The initiative aligns with Singapore’s SkillsFuture movement, promoting lifelong learning and skill mastery. AvePoint's platform aims to address the increasing need for continuous education in a rapidly evolving workforce.

AvePoint (NASDAQ: AVPT), a leading data management solutions provider for Microsoft 365, is set to announce its third quarter financial results for the period ending September 30, 2021, on November 15, 2021. The announcement will precede a conference call at 8:30 AM ET featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, who will review the results and discuss current business trends. Investors can access a webcast of the call on AvePoint's Investor Relations page, with replays available for 90 days.

AvePoint, the largest provider of Microsoft 365 data management solutions, announced its participation in two upcoming investor conferences. The Citi 2021 Global Technology Virtual Conference is set for September 13, 2021, at 8:00 a.m. ET, followed by the Jefferies Virtual Software Conference on September 15, 2021, at 3:00 p.m. ET. A live audio webcast of the presentations will be available on the Investor Relations website. Founded in 2001, AvePoint serves over 8 million cloud users with comprehensive SaaS solutions.