AvePoint Inc., a leader in data security, governance, and resilience, has announced its financial results for the first quarter ending March 31, 2025. The company reported a total revenue of $93.1 million, marking a 25% increase compared to the same period in the previous year. Within this, SaaS revenue reached $68.9 million, representing a 34% year-over-year growth. The company achieved a non-GAAP operating income ranging from $13.2 million to $14.2 million for the quarter. Total Annual Recurring Revenue $(ARR)$ stood at $345.5 million, showing a 26% increase from the previous year. AvePoint's financial outlook for the second quarter of 2025 includes expected total revenues between $95.3 million and $97.3 million, with year-over-year growth anticipated to be between 22% and 25%. For the full year 2025, the company forecasts total revenues of $397.4 million to $405.4 million and a non-GAAP operating income of $61.4 million to $64.4 million. The company is positioning itself to address the growing convergence of data security, governance, and resilience challenges, and aims to achieve a billion-dollar ARR target by 2029.
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