Welcome to our dedicated page for Avepoint news (Ticker: AVPT), a resource for investors and traders seeking the latest updates and insights on Avepoint stock.
AvePoint Inc. (AVPT) provides enterprise SaaS solutions for secure data management across cloud environments. This page serves as the definitive source for official company announcements, offering investors and professionals timely updates on strategic developments.
Access curated press releases covering product innovations, financial results, compliance initiatives, and partnership announcements. Our repository ensures accurate tracking of AvePoint's progress in data governance, multi-cloud security, and digital workplace solutions.
Key updates include earnings reports, executive leadership changes, platform enhancements to the Confidence Platform, and industry recognition milestones. Discover how AvePoint addresses evolving challenges in Microsoft 365 environments, Google Workspace integrations, and AI-driven data protection strategies.
Bookmark this page for direct access to primary source materials that inform investment decisions and market analysis. Regularly updated content helps stakeholders monitor the company's position in enterprise collaboration technology and cloud infrastructure markets.
AvePoint (NASDAQ: AVPT) reported strong financial results for Q3 2022, with total revenue of $62.7 million, a 16% year-over-year increase. Adjusted for constant currency, revenue growth reached 26%. SaaS revenue stood at $30.0 million, reflecting a 34% year-over-year growth. The company’s Annual Recurring Revenue (ARR) grew to $191.7 million, a 30% increase over the previous year. Despite a GAAP operating loss of $7.4 million, AvePoint anticipates Q4 revenue between $63 million and $65 million, forecasting continued growth amidst strategic investments and strong market demand.
AvePoint (NASDAQ: AVPT) is set to release its financial results for Q3 2022 on November 10, 2022, after market close. The company will conduct a conference call at 4:30 PM ET featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, who will discuss the results and current business trends. The call can be accessed by dialing (888) 254-3590 for US participants. A live webcast will be available on AvePoint’s Investor Relations page, with a replay accessible for 90 days post-call.
AvePoint (NASDAQ: AVPT) has been announced as a featured launch partner for Microsoft Syntex, a new cloud-based service that enhances the processing and management of content in Microsoft 365.
This partnership aims to empower organizations with advanced AI capabilities for automating workflows and improving information management, including features like backup and restore for SharePoint and compliance archiving.
John Peluso, AvePoint's Chief Product Officer, emphasized the significance of this collaboration for enhancing Microsoft 365 environments.
Dr. Tianyi (TJ) Jiang, CEO of AvePoint (NASDAQ: AVPT), featured on Episode 46 of ICR’s "Welcome to the Arena" podcast, discussing the company's early years and strategic decisions that positioned it as a leading SaaS player. The podcast, which debuted in August 2021, offers insights from industry leaders and is available on major platforms including Apple Podcasts and Spotify. ICR, established in 1998, specializes in strategic communications and advisory services, enhancing value for over 1,000 clients across diverse sectors.
AvePoint (NASDAQ: AVPT) announced its participation in major investor conferences. The presentations will feature Co-Founder and CEO Dr. Tianyi Jiang (TJ), CFO Jim Caci, and Chief Strategy Officer Mario Carvajal. They are set to present at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 8:00 a.m. ET, and at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 12:15 p.m. ET. Live and archived webcasts will be accessible on the Investor Relations website.
AvePoint (NASDAQ: AVPT) has launched a $100 million SGD International R&D Hub in Singapore, aiming to hire over 500 local professionals by 2026. This initiative, supported by Digital Industry Singapore, will strengthen AvePoint’s capabilities in B2B SaaS solutions and enhance its IT infrastructure. The R&D Hub, located in Galaxis, One North, will focus on product innovation addressing digital challenges, hybrid work, and AI use. This expansion reflects AvePoint's commitment to meet the growing demand for SaaS in the APAC region.
AvePoint reported Q2 2022 total revenue of $55.7 million, reflecting a 23% year-over-year growth, while SaaS revenue reached $27.6 million, a 34% increase. Total ARR was $178.2 million, up 28% year-over-year. Despite strong revenue growth, the company faced an operating loss of $(11.8) million, worsened from $(11.2) million in the previous year. The Q3 guidance estimates total revenue between $62 million and $64 million, with a projected operating income of $1 million to $2 million.
AvePoint (NASDAQ: AVPT) has announced a rebranding of its SaaS learning product line to MaivenPoint as part of a broader effort to enhance digital education experiences. The rebranding aims to reflect a shift towards user-driven learning in response to changes in how people learn. MaivenPoint offers four main product suites: Curricula Learning Management, Examena Exams Management, Vitae Student and Alumni Management, and eTeams Training Management. Key acquisitions include Combined Knowledge Ltd and i-Access, furthering AvePoint's mission in the educational sector.
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