Aeries Technology Earnings Call Transcripts
Fiscal Year 2027
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Q2 FY27 revenue rose 4.5% YoY to $18.1 million and net income reached $1.3 million, while gross margin and adjusted EBITDA declined YoY. FY27 revenue and adjusted EBITDA guidance was reaffirmed at $80 million–$84 million and $10 million–$12 million.
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Revenue grew 43% year-over-year to $21.9 million, with net income up 32% and strong cash flow. Guidance for fiscal 2027 is reaffirmed, with a focus on AI transformation and continued margin improvements.
Fiscal Year 2026
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Q3 FY2026 saw stable revenue, improved margins, and a turnaround in Adjusted EBITDA, with positive operating cash flow for the third consecutive quarter. Fiscal 2027 outlook is strong, anchored by multi-year contracts and expanding AI and GCC programs.
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Q2 FY26 marked a turnaround with $17.36M revenue, $0.64M net income, and 14.7% adjusted EBITDA margin. Expansion in India and Mexico, new enterprise clients, and AI partnerships drive growth, with FY26 adjusted EBITDA guidance of $6–8M.
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Q1 FY26 delivered a profitable turnaround with $15.3M revenue, $1.7M net income, and strong cash flow, driven by AI-powered GCCs and private equity client growth. FY26 guidance is reaffirmed, with a focus on scaling innovation and operational excellence.
Fiscal Year 2025
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Core adjusted EBITDA for FY 2025 reached $7.4 million, exceeding guidance, as the business refocused on North America and launched an AI-centered GCC framework. FY 2026 guidance projects revenue of $74–$80 million and adjusted EBITDA of $6–$8 million.
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Leadership changes and a strategic shift to North American, high-value engagements drove improved net income and core adjusted EBITDA, despite a decline in total revenue. Cost optimization and AI-driven solutions are expected to support future growth and profitability.
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Fiscal Q2 2025 saw a 4% revenue decline year-over-year, but North America core business grew 13%. Cost cuts and a strategic exit from non-core markets are expected to drive sequential improvement, with a one-time revenue boost in Q4 from a client buyout.
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Q1 2025 revenue grew 2% year-over-year to $16.7M, but gross margin fell to 24% and net loss reached $15.3M due to one-time stock compensation and higher expenses. Fiscal 2024 saw 37% revenue growth and strong client expansion, with ongoing cost-saving initiatives and a strategic focus on North America.