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AvePoint (NASDAQ: AVPT ) reported second-quarter financial results on Thursday. The transcript from the company's second-quarter earnings call has been provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. The full earnings call is available
The Nasdaq composite fell 1.3% in a mixed session as AI-related shares slid after reports of lower-than-expected OpenAI revenue. Oil prices rose after President Donald Trump's remarks on the Middle East war, while Federal Reserve Gov. Christopher Waller said additional rate hikes may be needed.
Bitcoin moved down to around $81,500 in afternoon trade as major U.S. stock indexes stayed lower and Treasury yields eased. The move came alongside broader risk-off action tied to oil, Fed comments and tech-sector weakness.
SailPoint reported second-quarter ARR of $1.231 billion, up 25% year over year, with SaaS ARR growing 36%. The company also guided Q3 ARR to $1.29 billion and revenue to $328 million.
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.
Snowflake reported second-quarter product revenue of $1.49 billion, up 37% year over year, and raised FY27 product revenue guidance to $6.07 billion.
Snowflake is scheduled to report second-quarter fiscal 2027 earnings after market close today, with analysts looking for EPS of 45 cents on revenue of $1.48 billion.