FatPipe Inc. reports Q2 revenue of $4.0 million and 49% growth in monthly recurring billings
Reuters
Nov 05
FatPipe Inc. reports Q2 revenue of $4.0 million and 49% growth in monthly recurring billings
FatPipe Inc. reported total revenue of $4.0 million for the second quarter of fiscal year 2026, compared to $3.9 million in the previous quarter. Monthly recurring billings grew 49% and total quarterly billings increased 10% compared to the second quarter of fiscal 2025. Gross margin remained at 92%. EBITDA margin for the six months ended September 30, 2025, was 26%, up from 24% in the same period the previous year. Year-over-year revenue decreased by 29% for the second quarter of fiscal 2026 due to two large deals in the prior year period. FatPipe nearly tripled its sales headcount year-over-year. The company completed a 210+ site SD-WAN deployment under a $1.4 million contract for a large U.S. school district and a 108-site deployment for a large regional bank.
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