Aeries Technology, Inc. Class A Ordinary Share 2027 Q1 Earnings Call

Good morning, and thank you for joining our first quarter fiscal year 2027 earnings call. The quarter ended June 30th, 2026, was a strong start to our fiscal 2027 and reflects the continued progress we have made in strengthening our operating model, improving profitability, and building a more scalable business. The operating model we have built over the past year is now delivering results across the three dimensions that matter most: growth and profitability, positioning, and cash generation. These three themes define the quarter. First, we delivered strong financial performance. Revenue increased 43% year-over-year to $21.9 million. Income from operations increased to $3.4 million from $0.8 million in the prior year quarter. Net income increased 32% to $2.2 million and operating cash flow increased to $4.8 million from $1.4 million in the prior year quarter.

These results demonstrate the operating leverage we have built into the business and our ability to translate growth into stronger profitability and cash generation. Second, we continued advancing how we position Aeries in the market. We help enterprises create value through AI transformation and manage operations. Clients increasingly engage us not only to operate business functions, but to help transform enterprise operations through AI, expanding both the scope of our engagement and the value we create. Third, we continued converting the performance into cash. We generated $4.8 million of operating cash flow during the quarter, our sixth consecutive quarter of positive operating cash flow. Our strong cash generation enabled us to strengthen the balance sheet, continue settling legacy obligations associated with our business combination transaction, and related costs. We purchased more than 10% of our outstanding common shares and completed previously announced one-to-eight share consolidation during the quarter.