AvePoint, Inc. (NASDAQ:AVPT) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET

Company Participants

James Arestia - VP, IR

Tianyi Jiang - Co-Founder, CEO & Director

James Caci - CFO

Conference Call Participants

Chirag Ved - Evercore ISI

Nehal Chokshi - Northland Capital Markets

Jason Ader - William Blair & Company

Brett Knoblauch - Cantor Fitzgerald & Co.

Operator

Good afternoon, welcome to the AvePoint Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Now I'd like to turn the conference over to Jamie Arestia, Vice President, Investor Relations. Please go ahead.

James Arestia

Thank you, operator. Good afternoon, and welcome to AvePoint's Second Quarter 2023 Earnings Call. With me on the call this afternoon is Dr. TJ Jiang, Chief Executive Officer; and Jim Caci, Chief Financial Officer. After preliminary remarks, we will open the call for a question-and-answer session.

Please note that this call will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from management's current expectations. We encourage you to review the safe harbor statements contained in our press release for a more complete description. All material in the webcast is the sole property and copyright of AvePoint with all rights reserved.

Please note this presentation describes certain non-GAAP measures, including non-GAAP operating income and non-GAAP operating margins, which are not measures presented in accordance with U.S. GAAP. The non-GAAP measures are presented in this presentation as we believe they provide investors with the means of evaluating and understanding how management evaluates the company's operating performance. These non-GAAP measures should not be considered in isolation from, a substitute for, or superior to financial measures prepared in accordance with U.S. GAAP.

A reconciliation of these measures to the most directly comparable GAAP financial measures is available in our second quarter 2023 earnings press release as well as our updated investor presentation, both of which are available in the Investor Relations section of our website.

With that, let me turn the call over to TJ.

Tianyi Jiang

Thanks, Jamie, and thank you to everyone joining us on the call today, highlighted by 30% ARR growth as well as total revenue and margin performance that once again exceeded our guidance. Our second quarter results demonstrate the demand for our platform and the strength of our business model.

Amidst the ongoing uncertainty in the macro environment, we continue to see customers depend on AvePoint's confidence platform to rapidly reduce costs, improve productivity and make more informed business decisions as they advance their digital workplaces. This demand, coupled with our sustained focus on profitable growth, drove another quarter that surpassed expectations on both the top and bottom line.