Cvent, the meetings technology company, reported $137.4 million in revenue for the first quarter of 2022, an increase of 17.1% over the same period in 2021, according to a first quarter earnings statement. The result was 2.9% higher than the high end of the company’s guidance. Cvent’s Event Cloud revenue was $95 million for the quarter, an increase of 17.1% from the comparable period last year; and Hospitality Cloud revenue was $42.4 million, an increase of 17.2%. Reggie Aggarwal, CEO, said in-person events continued to recover while virtual and hybrid events remained core to revenue growth. He said Cvent’s market position has been built on one unified technology platform that manages the entire event lifecycle and delivers engaging experiences for all event types and formats, whether in-person, virtual or hybrid. Because Cvent’s platform helps organizations meet in whatever format they want, said Aggarwal, the company is insulated from today’s uncertain macroeconomic environment and is positioned for continued growth. He said Cvent’s diversified offering, combined with the performance being seen across the entire business, “is giving us the confidence to raise our full year revenue guidance for 2022.” The company is now projecting revenue for 2022 to be in the range of $621.4 million to $626.9 million, representing 20.3% year-over-year growth at the midpoint of that range.