Aeries Technology(US:AERT) Globenewswireยท2025-11-10 11:15Core Insights - Aeries Technology has completed its turnaround and is entering a new growth phase, leveraging AI-led delivery, dual-shore Global Capability Center (GCC) scale, and enhanced private equity relationships [2][4][6]. Financial Performance - For Q2 FY2026, Aeries reported revenue of $17.36 million, a 3% increase year-over-year from $16.87 million in Q2 FY2025 [8]. - The company achieved a net income of $0.64 million, compared to a net loss of $2.31 million in Q2 FY2025 [8]. - Adjusted EBITDA for the quarter was $2.55 million, with a margin of 14.7%, a significant improvement from a loss of $(2.30) million in Q2 FY2025 [8][24]. - For the first half of FY2026, Aeries recorded a net income of $2.32 million, compared to a net loss of $17.62 million in the prior-year period [8]. Business Strategy and Growth - Aeries is executing a disciplined growth strategy focused on AI platforms and an integrated delivery model between India and Mexico, which has led to new enterprise client additions across various markets [4][5]. - The company anticipates further client opportunities in Q3 FY2026, indicating a positive outlook for continued growth [4][6]. - Aeries has expanded its operations in India and Mexico, planning to hire over 500 new roles to enhance delivery capacity [9]. Operational Highlights - The company celebrated a 10-year client partnership milestone, demonstrating durability and trust in its client relationships [9]. - Aeries delivered over $20 million in client savings through its nearshore GCC model in Guadalajara, Mexico, showcasing the effectiveness of its operational strategies [9].