Aeries Technology Reports Results for Third Fiscal Quarter 2024 [Yahoo! Finance]
Aeries Technology, Inc. - Class A Ordinary Share (AERT)
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Source: Yahoo! Finance
NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Aeries Technology (Nasdaq: AERT), a global professional services and consulting partner, today announced financial results for the quarter ended December 31, 2023. “We saw strong topline results in the quarter driven by new customer adoption of the Aeries platform,” said Sudhir Panikassery, CEO of Aeries Technology. “We are seeing more mid-market prospects interested in our solutions as the network effect of our clients and their sponsors continues to pick up speed, and we believe that the clear benefit of our differentiated Aeries engagement model is a key factor.” Three Months Ended December 31, 2023 (Third Fiscal Quarter 2024) Financial Highlights Revenues: Revenues for the third fiscal quarter of 2024 were $18.9 million, up 49% compared to $12.7 million for the third fiscal quarter of 2023. Income from Operations: Income from operations for the third fiscal quarter of 2024 was $0.7 million, up 150% compared to $0.3 million for t
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