FatPipe, Inc. — Q2 FY2027 Earnings Summary

Financial Performance:

• Q2 FY2027 revenue reached $4.83 million, a 22% year-over-year increase from $3.96 million in Q2 FY2026.
• Net income for Q2 FY2027 was $1.2 million, compared to a net loss of $0.04 million in Q2 FY2026.
• Diluted net income per share was $0.09 in Q2 FY2027, compared to $0.00 in Q2 FY2026.
• Adjusted EBITDA for Q2 FY2027 was $1.2 million, representing a 24.1% margin, up from $0.7 million in Q2 FY2026.
• Revenue growth was driven by increased recurring billings, customer renewals, and new customer wins.

Management Commentary and Tone:

• CEO Dr. Ragula Bhaskar expressed pleasure with continued revenue growth and profitability, citing the strength of the business model and organizational execution.
• CFO Kanishka Ragula highlighted progress in growing the recurring revenue base and stated that the financial position provides a strong foundation to expand the sales organization and strengthen the partner ecosystem.
• Management emphasized a continued focus on expanding channel partnerships, growing the customer base, and building momentum across SD-WAN, cybersecurity, and network monitoring offerings.

Business Segments and Product Lines:

• The company offers enterprise-class, application-aware, secure software-defined wide area network (SD-WAN) and single-stack cybersecurity solutions.
• FatPipe holds 13 U.S. patents related to multipath and software-defined networking.
• Products are distributed through a network of 200+ resellers worldwide.
• The company noted strong demand for secure, high-performance alternatives to legacy networking and security vendors.

Other Key Points:

• FatPipe pioneered the concept of SD-WAN and hybrid WANs that eliminate the need for hardware/software cooperation from ISPs, allowing control of multi-link network traffic.
• The company introduced a full single-stack cybersecurity solution designed for the same customer profile and buyer as its core offerings.
• FatPipe is a multiple patents holder in its specific technology niche.