Aeries Technology reports FY24 adjusted EBITDA $9.2M vs $8.7M last year

Revenues for fiscal year 2024 were $72.5 M, up 37% compared to $53.1M for fiscal year 2023.”We are pleased to release our results for the fiscal year, which were in-line with our expectations,” said Sudhir Panikassery, CEO of Aeries Technology. “Expansion within existing client engagements and new client relationships were the main performance drivers and reflects our continued focus on expanding our footprint within the addressable pool of private equity portfolio companies and mid-size businesses. Coupled with our technology driven, solution specific approach, we believe we will derive positive outcomes over the next few years as we progress in our current growth phase.”