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Stock impact report

PowerFleet signals double-digit SaaS growth ahead as integration milestone reached [Seeking Alpha]

PowerFleet, Inc. (AIOT) 
Company Research Source: Seeking Alpha
CEO Steve Towe described the quarter as a “transition point for the company,” marking the end of the integration phase following two major acquisitions and the beginning of a new focus on Quick Insights PowerFleet completed integrations early, expanded enterprise wins, improved service revenue mix, and introduced automation and AI, driving above-expectations double-digit services growth. Q2 saw a 45% revenue increase, adjusted EBITDA rose 70%, with 10% organic growth guidance for Q4 and double-digit SaaS/top-line growth into 2027. Management cites ongoing macroeconomic caution but reports rebounding purchasing and diminished integration risks as company shifts to optimization phase. More Trending News Show less Read more
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