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PowerFleet reports Q2 adjusted EPS 2c, consensus 6c

Reports Q2 revenue $111.7M, consensus $105.5M. “Q2 was a defining quarter for Powerfleet (AIOT), marked by record revenue and strong performance across key financial and operational metrics,” said Steve Towe, Chief Executive Officer of Powerfleet. “A quarterly sequential increase in total revenue of more than 7%, driven by expanding momentum in our AI-powered SaaS solutions and solid growth across our core global markets, is extremely encouraging.”

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