Sep. 25 at 1:05 PM
$AVPT They used to be a "Microsoft 365 solutions provider." Now they've become a "developer of products to extend the functionality and security of major platforms."
If you cut through the corporate jargon, these guys do one simple but vital thing: they provide data backup and security for Microsoft 365, Salesforce, and Google Workspace.
As companies move everything to the cloud, the demand to "not lose it all" will only grow. AvePoint is like a boring but top-notch locksmith that every skyscraper needs to function.
Let's look at the revenue breakdown:
Software-as-a-Service or SaaS is the company's primary revenue source, but that's not the most important part.
Two facts are important:
Fact 1) All other sections, except for SaaS, are not showing confident, fast growth. Therefore, the company (and we, as investors) can only count on this segment for growth prospects.
