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JERSEY CITY, N.J. - AvePoint (NASDAQ:AVPT), a $3.73 billion market cap software company trading near its 52-week high of $20.25, has introduced new capabilities to its Confidence Platform, including two command centers focused on cost optimization and data resilience, alongside expanded governance features for Microsoft Copilot agents, the company announced Tuesday. According to InvestingPro data, AvePoint maintains strong financial health with robust cash flows and minimal debt.
The Optimization and ROI Command Center provides organizations with visibility into cost-saving opportunities across their data infrastructure, examining license management, information lifecycle management, and strategic data migration to reduce expenses.
The new Resilience Command Center offers monitoring and insights for Microsoft 365 services, including storage consumption tracking, backup oversight, and cost optimization recommendations. AvePoint plans to expand these capabilities to Salesforce, Google Workspace, and other platforms throughout 2025.
In response to the growing adoption of agentic AI, AvePoint has enhanced its AI governance capabilities with expanded Copilot agent management, prompt monitoring, and comprehensive reporting features.
"These updates represent our holistic approach to the challenges defining the modern data landscape," said John Hodges, Chief Product Officer at AvePoint.
The company cited industry research indicating that 92 percent of companies plan to implement cost-saving measures and 89 percent have adopted multi-cloud strategies. Gartner predicts 33 percent of enterprise software applications will include agentic AI by 2028, up from less than 1 percent in 2024.
AvePoint serves over 25,000 customers worldwide with data security, governance, and resilience solutions across various collaboration environments.
The company will showcase these new capabilities during a webinar scheduled for July 8, according to the press release statement.
In other recent news, AvePoint Inc. reported impressive first-quarter 2025 financial results, with total revenues reaching $93.1 million, surpassing the forecasted $88.31 million. This strong performance was driven by a 34.37% increase in SaaS revenue, contributing to a significant 25% year-over-year revenue growth. The company also showcased improved operating margins, achieving 14.4% for the quarter. AvePoint’s management has provided optimistic guidance for the second quarter, anticipating a 23.5% revenue increase, which exceeds Wall Street’s expectations. Evercore ISI analyst Kirk Materne responded by raising AvePoint’s stock price target from $17 to $20, maintaining an Outperform rating. The analyst highlighted AvePoint’s robust annual recurring revenue growth and favorable currency movements as key factors. Additionally, AvePoint projects full-year total ARR between $411.8 million and $417.8 million, reflecting a 26-28% growth, while continuing to focus on AI and data governance initiatives.
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