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AvePoint Net Income Soars in Q1

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-- AvePoint (SGX:AVP) booked a higher net income of $15.3 million during the first quarter of the year compared with $3.6 million a year earlier, according to a Friday filing with the Singapore Exchange.

Net income per share came in at $0.07 compared with $0.02 in the year-ago period, meeting the consensus estimate of Visible Alpha.

Total revenue jumped to $117.2 million year over year from $93.1 million, backed by strong performance from the SaaS and services segments. Visible Alpha had estimated a revenue of $115.9 million during the period.

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