Welcome to our dedicated page for Aeries Technology news (Ticker: AERT), a resource for investors and traders seeking the latest updates and insights on Aeries Technology stock.
Aeries Technology (AERT) delivers professional services and digital transformation solutions to global enterprises. This news hub provides investors with verified updates on strategic developments, operational milestones, and market positioning.
Access official press releases covering earnings disclosures, partnership announcements, and leadership updates. Our curated collection enables informed analysis of AERT's management consulting innovations and global delivery model enhancements.
Key updates include technology integrations, client engagements, and Global Capability Center expansions. Bookmark this page for real-time insights into AERT's business process optimization initiatives and private equity consulting developments.
Aeries Technology (NASDAQ: AERT) reported mixed financial results for Q3 FY2025. While North America revenue grew 13.1% year-over-year, total revenues declined 6.8% to $17.6 million compared to $18.9 million in Q3 FY2024. The company posted a net profit of $2.0 million, improving from a net loss of $16.3 million in the same period last year.
Operating income showed a loss of $5.2 million, down from a gain of $0.7 million in Q3 FY2024. Core adjusted EBITDA improved to $1.5 million from ($0.02) million, while Adjusted EBITDA declined to ($2.0) million from $2.4 million.
The company reiterated its FY2025 guidance with expected revenue between $71-73 million and core adjusted EBITDA of $6-7 million. For FY2026, Aeries projects revenue of $74-80 million and Adjusted EBITDA of $6-8 million.
Aeries Technology (NASDAQ: AERT) announced strategic leadership changes to strengthen its market position. Ajay Khare, a founding partner, has been appointed CEO, replacing Sudhir Panikassery, who becomes Non-Executive Vice Chairman. Khare, previously serving as Chief Revenue Officer and Chief Operating Officer, brings 25 years of experience in operational expertise and commercial acumen.
Daniel Webb will serve as Chief Financial Officer while maintaining his role as Chief Investment Officer, stepping down from the Board. The company aims to focus on its North American market, optimize cost structure, and enhance AI-driven transformation. These changes are designed to strengthen Aeries' position as a leading provider of global capability center (GCC) solutions, particularly for private equity firms and their portfolio companies.
Aeries Technology (AERT) reported Q2 FY2025 results with mixed performance. Total revenue decreased 4% year-over-year to $16.9 million, while North America revenue grew 13.3% to $15.7 million. The company reported an operating loss of $(4.1) million compared to income of $1.5 million in Q2 FY2024. Net loss was $(2.3) million versus net income of $0.9 million year-over-year. The company is strategically refocusing on its core North American Global Capability Center (GCC) market, targeting US-based private equity backed portfolio companies.
Aeries Technology (NASDAQ: AERT) has received the Great Place To Work® Certification™ in India, valid from October 2024 to October 2025. The certification recognizes the company's workplace culture and opportunities provided to its 1,700 professionals worldwide. The company specializes in Generative AI-Driven Digital Transformation solutions, Technology Services, and Business Process Management. This certification follows their recent recognition in the Global In-house Center Setup Capabilities PEAK Matrix® Assessment 2024 by Everest Group.
Aeries Technology (Nasdaq: AERT) has announced its return to compliance with Nasdaq's listing standards. The company regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting after filing its Form 10-Q for Q2 2024 on October 15, 2024, and its Form 10-K for FY 2024 on September 27, 2024. The Nasdaq Staff has confirmed that the listing compliance matter is now closed.
Aeries Technology (Nasdaq: AERT) reported financial results for the first fiscal quarter of 2025 ended June 30, 2024. Revenues increased by 2% year-over-year to $16.7 million, compared to $16.3 million in Q1 2024. However, the company experienced a significant downturn in profitability:
- Income from operations decreased to $(16.4) million, down from $0.8 million in Q1 2024
- Net loss was $(15.3) million, compared to a net income of $0.5 million in Q1 2024
- Adjusted EBITDA fell to $0.4 million from $2.9 million in Q1 2024
CEO Sudhir Panikassery attributed these results to investments in growth strategies, expecting long-term benefits despite short-term impact. The company is focusing on accelerating its return to high profitability through operational initiatives.
Aeries Technology (Nasdaq: AERT) has been recognized as a Major Contender in the Global In-house Center (GIC) Setup Capabilities PEAK Matrix® Assessment 2024 by Everest Group. This recognition validates Aeries' expertise in setting up and managing Global Capability Centers (GCCs) for Private Equity firms and their portfolio companies.
Aeries offers comprehensive GCC solutions, including location strategy, governance frameworks, talent acquisition, and operations management. The company specializes in leveraging AI, automation, and cloud-based solutions to transform GCCs into innovation hubs. Aeries' inclusion in the PEAK Matrix® reinforces its position as a premier GCC provider, offering tailored solutions that align with strategic goals and deliver operational excellence and innovation at scale.
Aeries Technology (Nasdaq: AERT) reported financial results for the fiscal year ended March 31, 2024. The company achieved revenues of $72.5 million, marking a 37% increase from the previous year's $53.1 million. Income from operations rose 28% to $3.0 million, while net income significantly jumped to $17.3 million, including $16.2 million in non-cash income related to Forward Purchase Agreements. Adjusted EBITDA slightly improved to $9.2 million.
CEO Sudhir Panikassery attributed the performance to expansion within existing client engagements and new client relationships, particularly focusing on private equity portfolio companies and mid-size businesses. The company's technology-driven, solution-specific approach is expected to drive positive outcomes in the coming years as Aeries progresses through its current growth phase.
Aeries Technology (Nasdaq: AERT) has received a deficiency notification from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for Q2 2024 and its Annual Report on Form 10-K for the year ended March 31, 2024. This non-compliance with Nasdaq Listing Rule 5250(c)(1) requires the company to submit a compliance plan by September 30, 2024. Nasdaq may grant an extension until January 13, 2025 for Aeries to regain compliance. The company is working to complete and file the required reports as soon as possible and intends to take necessary steps to maintain its Nasdaq listing.
Aeries Technology (Nasdaq: AERT) has opened its second office in Mexico, located in Guadalajara's La Colonia Americana. This expansion supports the growing trend of nearshoring, catering to U.S. clients seeking outsourcing benefits with proximity and cultural alignment. The new office will support diverse roles including customer service representatives, implementation specialists, and technology positions.
The strategic location aims to enhance operational efficiency and add business value to clients. According to a Bloomberg report, 80% of North American companies are considering nearshore options. This move aligns with Aeries' commitment to delivering top-tier services while capitalizing on nearshore advantages, including improved communication and faster response times.
