AvePoint Inc. (AVPT) shares surged 7.47% on Friday, following the release of its impressive first-quarter 2025 financial results. The data security, governance, and resilience company reported earnings that exceeded analyst expectations, driven by robust revenue growth and a positive outlook for the remainder of the year.

The company's Q1 performance was marked by significant achievements, including a total revenue of $93.1 million, representing a 25% increase compared to the same period last year. Notably, AvePoint's SaaS revenue showed exceptional growth, jumping 34% year-over-year to reach $68.9 million. The company's earnings per share of $0.02 beat the analysts' estimate of -$0.01, demonstrating strong financial health and operational efficiency.

Investors were particularly encouraged by AvePoint's optimistic guidance for both the second quarter and full year 2025. The company expects Q2 revenues between $95.3 million and $97.3 million, projecting a year-over-year growth of 22% to 25%. For the full year 2025, 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 outlook, combined with the company's strong Q1 results, has significantly boosted investor confidence and contributed to the substantial stock price increase.