FatPipe Q2 revenue rises 22%, returns to profit
FATN•FatPipe's second-quarter revenue rose 22% year over year to $4.83 million, and net income was $1.2 million, compared with a loss a year earlier. Adjusted EBITDA margin reached 24.1%.
1. Quarterly results
FatPipe said revenue growth was driven by increased recurring billings, customer renewals and new customer wins. The company also cited demand for secure, high-performance alternatives to legacy networking and security vendors.
2. Growth plans
FatPipe said it is focused on expanding channel partnerships and its customer base, and plans to expand its sales organization and strengthen its partner ecosystem.
