Shares of AvePoint Inc. (AVPT) surged 8.05% in after-hours trading on Thursday following the release of its impressive first-quarter 2025 financial results. The data security and governance company reported earnings per share of $0.02, beating the analysts' estimate of -$0.01, while revenue climbed to $93.06 million, surpassing the expected $88.66 million.

AvePoint's strong performance was driven by a 25% year-over-year increase in total revenue, reaching $93.1 million for the quarter. Notably, the company's SaaS revenue showed exceptional growth, jumping 34% compared to the same period last year and reaching $68.9 million. The company also reported a healthy increase in its Annual Recurring Revenue (ARR), which grew 26% year-over-year to $345.5 million.

Looking ahead, AvePoint provided an optimistic outlook for both the second quarter and full year 2025. The company expects Q2 revenues between $95.3 million and $97.3 million, representing a year-over-year growth of 22% to 25%. For the full year, AvePoint forecasts total revenues of $397.4 million to $405.4 million, along with a non-GAAP operating income ranging from $61.4 million to $64.4 million. This positive guidance, coupled with the company's strong Q1 results, has boosted investor confidence and contributed to the significant after-hours stock price increase.