Amagi net profit surges to Rs 34 Cr in Q1

SaaS company Amagi has reported a net profit of Rs 34 crore for the first quarter of FY27, a big rise from Rs 4 crore in the similar period a year ago.

Revenues touched Rs 437 crore during the quarter, a year-on-year growth of 32.4%. The company said this was its highest quarterly revenue till date.

Amagi is a Bengaluru-headquartered SaaS company focused on the media and entertainment sector.

“The industry is reconfiguring towards us. In numerous conversations, customers have expressed their desire to consolidate fragmented workflows, reduce operating costs, and accelerate new revenue. This is the $17B opportunity our Media Industry Cloud was built to capture, and we see AI potentially nearly doubling this addressable market over time,” said Amagi CEO Baskar Subramanian.

The company attributed this growth to existing customers expanding on the platform and continued adoption of cloud-native streaming, monetisation, and broadcast workflows.

Amagi said its 10 largest customers contributed 40.8% of Q1 revenue in FY27, against 38.8% in FY26. It further noted that the 10 largest customers have an average tenure of 4.8 years, and its growth model increasingly runs on expansion within existing accounts as customers adopt more products and move larger parts of their operations onto its platform.

The company's cash level stood at Rs 1,616 crore, a 118% y-o-y growth, with zero debts.

The CEO emphasised that adoption of artificial intelligence has shifted from intent to implementation. For instance, a major US news network has chosen its flagship AI product 'Amagi NEWSPULSE', the company said. The platform is currently running more than 10 pilots globally.

“We are excited about the large opportunity ahead of us, and, still early in this journey, remain focused on durable growth, expanding operating leverage, and disciplined execution as we scale,” said Subramanian.