SALT LAKE CITY – November 04, 2026 -- FatPipe, Inc. (NASDAQ: FATN) reported second-quarter fiscal 2027 net income of $1.2 million, a turnaround from a $0.04 million loss a year earlier, as revenue rose 22% to $4.83 million.
FatPipe lifts quarterly revenue to $4.83M from $3.96M
Revenue for the quarter ended September 30, 2026 compared with $3.96 million in the same period of fiscal 2026. The company attributed the growth to increased recurring billings, customer renewals and new customer wins. It also cited strong demand from customers seeking secure, high-performance alternatives to legacy networking and security vendors.
Adjusted EBITDA reaches $1.2M at a 24.1% margin
Adjusted EBITDA was $1.2 million, an approximate margin of 24.1%, versus $0.7 million in Q2 2026. Diluted earnings per share were $0.09, compared with $0.00 a year earlier.
CFO ties growth to recurring revenue and plans sales expansion
CFO Kanishka Ragula said the results reflect progress in growing the company's recurring revenue base while it invests in strategic initiatives. He said the company's financial position gives it a foundation to expand its sales organization, strengthen its partner ecosystem and pursue additional growth opportunities.
CEO Dr. Ragula Bhaskar said FatPipe is focused on expanding channel partnerships and growing its customer base across SD-WAN, cybersecurity and network monitoring offerings. FatPipe products are sold by more than 200 resellers worldwide.