AIOT news

Powerfleet reported strong Q1 2027 results with adjusted EBITDA margins of 27%. The company unveiled a significant new near-term ARR of over $27 million from its South African National Treasury contract.

Powerfleet appoints Michael Casey as Chair of the Audit Committee. The move adds executive financial experience to the AIoT SaaS leader's board.

Powerfleet reported strong fourth quarter results with 11% revenue growth and 42% adjusted EBITDA growth, while also securing a landmark South African National Treasury contract worth $100-120M. The company expects over $30M in free cash flow for fiscal 2027 with continued margin expansion.