Aeries Technology, Inc. ( (AERT) ) has released its Q2 earnings. Here is a breakdown of the information Aeries Technology, Inc. presented to its investors.
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Aeries Technology, Inc. is a global professional services and consulting firm, primarily serving businesses undergoing transformation, with a focus on private equity-backed companies in North America.
Aeries Technology recently released its earnings report for the second fiscal quarter of 2025, highlighting a strategic refocus on its core North American market. The company reported an increase in North American revenue, but overall revenues were down compared to the previous year.
The company’s North American revenue increased by 13.3% year-over-year, reaching $15.7 million. However, total revenue for the quarter decreased by 4% to $16.9 million. The company experienced a net loss of $2.3 million, a significant decline from a net income of $0.9 million in the same quarter the previous year. Additionally, Adjusted EBITDA was negative at $2.3 million, a stark contrast to the positive $3.0 million recorded in the previous year.
Despite these challenges, Aeries Technology remains optimistic about its strategic shift towards its core business. The company anticipates continued growth in the North American Global Capability Center market and is confident in its pipeline for the upcoming fiscal year.
