Aeries Technology reports $18.1 million Q2 revenue, maintains 2027 outlook

Aeries Technology (NASDAQ:AERT) reported second-quarter fiscal 2027 revenue of US$18.1 million, up 4.5% year-over-year, while net income increased to US$1.3 million.

Revenue growth compared with the prior-year quarter, when net income was US$0.6 million, although the company's adjusted earnings and gross margins declined.

The company reaffirmed its fiscal 2027 financial guidance following the latest quarterly and first-half results.

Adjusted EBITDA, a non-GAAP earnings measure, declined to US$2.1 million from US$2.6 million, while its margin narrowed to 11.6% from 14.7% and gross margin fell to 22.4% from 28.9%.

For the first half of fiscal 2027, revenue increased 23% to US$40.1 million, including US$2.7 million from a customer buyout recognized in the first quarter, while net income reached US$3.6 million.

Following the announcement, Aeries Technology's share-price reaction was not provided in the supplied financial results.

Aeries Technology provides technology-enabled business services and solutions, including business transformation, enterprise technology and operational support services.

First-half Adjusted EBITDA increased 72% to US$6.2 million, while operating cash flow rose approximately 98% to US$4.7 million, as the company maintained its full-year revenue and Adjusted EBITDA targets.