AvePoint reports Q1 EPS 7c, consensus 8c

Reports Q1 revenue $117.2M, consensus $116.15M. Reports Q1 SaaS revenue $93.4M, up 35% vs. last year. Reports Q1 total ARR grew 26% year-over-year to $435.2M. “Our first quarter results mark a strong start to the year, as our leading position at the intersection of data protection and security, coupled with the demand for secure, automated, and AI-ready solutions, enabled us to outperform our guidance on the top and bottom line, secure our twelfth straight quarter of double-digit growth in organic net new ARR, and deliver more than 700 basis points of GAAP operating margin expansion,” said CEO Dr. Tianyi Jiang