AvePoint reports Q4 EPS 2c, consensus 3c

Reports Q4 revenue $74.6M, consensus $71.65M…ARR as of December 31 was $264.5M, up 23% year-over-year. Adjusted for FX, ARR grew 24%. “Our fourth quarter results were an outstanding close to our strongest year yet as a public company,” said Dr. Tianyi Jiang CEO and Co-Founder, AvePoint. “The strength and differentiation of our platform offering, coupled with the continued customer demand to manage and protect critical data, reduce costs and improve productivity, enabled us to meaningfully outperform our financial guidance, as well as show substantial cash flow generation and improvement across key customer metrics. Looking ahead, our ability to secure and manage organizations’ rapidly expanding data estates leaves us well positioned to drive businesses’ generative AI adoption in 2024 and beyond.”