AvePoint announced its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company reported SaaS revenue of $60.9 million, marking a 45% increase year-over-year.
Total revenue for the quarter reached $88.8 million, representing a 22% year-over-year growth. Annual Recurring Revenue (ARR) also saw a substantial increase, reaching $308.9 million, up 23% compared to the prior year.
These results reflect the growing demand for AvePoint's data management and governance platform solutions. The consistent growth in key financial metrics underscores the company's ability to capitalize on the expanding market for secure and efficient digital workplaces.
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