Fed’s Powell opens door to potential rate cuts at Jackson Hole
Investing.com -- AvePoint, Inc. (NASDAQ:AVPT), a provider of data security and governance solutions, saw its shares drop 4.2% after reporting second quarter earnings that missed analyst expectations despite exceeding revenue forecasts.
The company reported earnings per share of $0.01 for the second quarter, falling short of the $0.06 analyst consensus, while revenue came in at $102 million, surpassing the $96.28 million estimate. Total (EPA:TTEF) revenue increased 31% YoY, with SaaS revenue growing 44% to $77.3 million compared to the same quarter last year.
"Highlighted by outperformance on both the top and bottom line, AvePoint’s exceptional second quarter results are further evidence of our ability to efficiently deliver the integrated data security, governance and resilience solutions that organizations need to thrive in the AI era," said Dr. Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint.
The company reported a GAAP operating income of $7.1 million, compared to a loss of $2.1 million in the second quarter of 2024. Non-GAAP operating income was $18.8 million with an operating margin of 18.4%, up from 11.2% in the prior year period.
AvePoint raised its full-year 2025 guidance, now expecting total revenues between $406.6 million and $410.6 million, representing 23% to 24% YoY growth. For the third quarter, the company projects revenue of $104.6 million to $106.6 million.
The company’s annual recurring revenue (ARR) reached $367.6 million as of June 30, 2025, up 27% YoY. AvePoint maintained strong customer relationships with a dollar-based net retention rate of 112%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.