AvePoint, Inc.

Good day and welcome to the AvePoint, Inc. first quarter 2023 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Jamie Arestia, Vice President, Investor Relations. Please go ahead.

Thank you, Operator. Good afternoon and welcome to AvePoint's first quarter 2023 earnings call. With me on the call this afternoon is Dr. T.J. Jiang, Chief Executive Officer, and Jim Cassie, 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 AppPoint with all rights reserved. Please note this presentation describes certain non-GAAP measures, including non-GAAP operating income and non-GAAP operating margin, which are not measures prepared in accordance with U.S. GAAP. The non-GAAP measures are presented in this presentation as we believe they provide investors with a means of evaluating and understanding how management evaluates the company's operating performance. These non-GAAP measures should not be considered in isolation from, as substitutes 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 first 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.

Thanks, Jamie, and thank you to everyone joining us on the call today. Q1 results were a solid start to the year, as we exceeded our financial guidance on both the top and bottom lines. We continue to see healthy demand from organizations that need to address the abundance of SaaS applications and the growth and sprawl of data to deliver a seamless and enhanced digital workplace experience. First quarter highlights included 31% ARR growth and 23% total revenue growth year over year, both adjusted for the impact of FX. Q1 reported revenue of $59.6 million or comfortably above the high end of our guidance. and we're pleased that Q1 non-GAAP operating income also came in ahead of our guidance, especially in the current environment. As we continue to be laser focused on profitability, we are well positioned for steady margin expansion in 2023 and beyond. I want to thank those of you who attended our first ever Investor Day in March, where we shared our view of the market opportunity, our strategy for capturing it, and our longer-term financial outlook. It's clear that as organizations modernize their digital workplaces, they need a platform that's well-governed, fit for purpose, easy to use, and built on automation. PowerPoint's confidence platform capitalizes on this need by empowering organizations to optimize their SaaS operations and secure collaboration. Amidst the continued uncertainty in the macro environment, our customers continue to depend on AppPoint's confidence platform to rapidly reduce costs, improve productivity, and make more informed business decisions. As the organizations we work with continue to think long-term, they're just beginning to see the opportunities to innovate their businesses amidst the proliferation of software applications, relentless growth of data, need for optimization, and evolving compliance and threat landscape. To expand on this, I want to highlight a few customer wins from T1, which reflect some early successes tied to acquisitions we made last year. To remind you, our M&A strategy has been focused on tucking deals that accelerate our product roadmap, expand the offering of our core confidence platform, speed our time to market, and improve the penetration of our existing customers, all with the goal of bringing a robust end-to-end experience to organizations building today's digital workplace. These examples are clear validation of that strategy. The first is a significant new customer win in the quarter with the largest industry training and development organization in Singapore, which highlights our commitment to build industry solutions. We were selected as the platform choice to power its new learning experience, which will administrate learning services, seamlessly manage course micro-certifications, and offer enhanced digital services for 26,000 partner organizations. We secured this marquee new logo by leveraging the strength of the confidence platform in data management and governance, coupled with the domain knowledge from last year's acquisition of iAccess to successfully move from the back office to the front office while addressing a new use case. Taking a step back, we see the education and higher learning space as prime for digital transformation. And we're honored to be recognized for innovation by winning the Microsoft Partner of the Year award in Singapore in the education industry category. We also remain significantly under-penetrated with our existing customer base. Regardless of which stage of their digital workplace journey our customers are in, we have solutions that address their unique challenges. Our ability to offer our customers a full platform of solutions is a key differentiator and the foundation of our land and expand strategy. Ultimately, our platform approach enables our sales teams and partners to capitalize on additional upsell and cross-sell opportunities. A great example of this in Q1 is our expansion win with one of the largest financial services firms catering to individual investors and small business owners. As an existing cloud governance customer with 40,000 employees, the firm needed a better way to measure the effectiveness of its internal communications, a trend we hear more and more frequently from the C-suite in today's hybrid world. Our TiGraph offering, which we acquired last year, provides the capability our customers needed to discover critical workplace communication insights. With TiGraph's implementation and its interoperability with our confidence platform, the firm replaces prior analytic solution for Microsoft CC5 and can now effectively measure employee engagement, which in turn drives improved decision making and organizational performance. In both examples, the breadth of Apple and confidence platform bolstered by our acquisition of critical technologies allowed us to address compelling customer needs, and we will continue to evaluate opportunities of all sizes to further expand our platform offering and provide greater value to customers and partners. In summary, Q1 was a solid start to 2023. While we remain mindful of near-term economic uncertainty, we're excited for the opportunities we see in 2023 and beyond to deliver shareholder value by advancing the digital workplace, capturing large and growing markets, and prioritizing profitable growth. With that, I'll turn over to Jim to discuss our financial results in more detail.