Fresh off delivering record second-quarter financial results, Black Box Limited Whole-Time Director and Chief Executive Officer Sanjeev Verma has laid out an ambitious roadmap combining sustained organic expansion with strategic cross-border dealmaking. In an exclusive post-earnings interview with CNBC-TV18 on Friday, November 13, 2026, Verma projected 15 to 20 percent organic revenue growth for the global digital infrastructure solutions provider while confirming that the company is actively exploring the acquisition of a Nasdaq-listed company in the United States. Addressing market debates over whether enterprise spending on artificial intelligence hardware and connectivity could taper off, the chief executive emphasized that Black Box sees zero slowdown in order inflows for AI infrastructure, adding that the pace of new contract wins could accelerate further in upcoming quarters. With the data center business currently contributing 17 to 18 percent of overall revenue, Verma’s commentary offered clear operational visibility for retail shareholders, institutional fund managers, and technology analysts tracking mid-cap IT infrastructure stocks across Mumbai, New Delhi-NCR, Bengaluru, Hyderabad, Pune, and Lucknow.

15-20% Organic Growth Outlook and Nasdaq Acquisition Strategy

A central takeaway from Verma’s interview was management’s confidence in sustaining 15 to 20 percent organic growth on the back of multi-year enterprise contracts and deep relationships with Fortune 500 clients. Supported by a record order backlog that has climbed to $1.04 billion—an 88 percent year-on-year jump—Black Box has maintained its broader FY27 consolidated revenue growth guidance of 23 to 27 percent, blending core organic momentum with strategic acquisitions. Verma noted that larger, project-led engagements across enterprise networking, workplace modernization, and digital connectivity are providing clear revenue visibility over the next 24 to 36 months.

Alongside organic execution, inorganic expansion remains a vital pillar of Black Box’s strategy to scale toward its medium-term milestone of $2 billion in annual revenue. Verma confirmed that the company is evaluating acquisition opportunities on the Nasdaq stock exchange in the United States, though he refrained from disclosing potential transaction valuations or financial terms at this stage. Market watchers note that the disclosure aligns with CNBC-TV18’s earlier report on October 12 indicating that Black Box had entered preliminary discussions to acquire Nasdaq-listed Aeries Technology. That potential US move follows Black Box’s successful completion of a 100 percent acquisition of São Paulo-based 2S Inovações Tecnológicas earlier in 2026, which contributed roughly ₹100 crore to second-quarter revenue and significantly strengthened the company’s footprint across Latin America.

Zero Slowdown in AI Infrastructure Orders; Data Centers Hit 17-18% Share

While some global technology investors have questioned the durability of capital expenditure cycles surrounding artificial intelligence, Verma stated categorically that customer demand on the ground remains robust. According to the CEO, Black Box is witnessing no signs of deceleration in AI infrastructure order inflows, as cloud hyperscalers, colocation providers, and large enterprises race to upgrade physical compute facilities, high-density structured cabling, power distribution, and low-latency networking required to run AI workloads. In fact, Verma suggested that order momentum in AI-linked infrastructure could strengthen even further as enterprise AI deployments move from pilot stages into full-scale production.

Underscoring how central cloud and AI facilities have become to Black Box’s business mix, Verma revealed that the data center vertical now accounts for 17 to 18 percent of the company’s total revenue. During the second quarter alone, data center order inflows surpassed $250 million, propelling quarterly new bookings up 37 percent year-on-year to $298 million. Over the medium term, management aims to expand the data center share of overall revenue toward 25 to 30 percent, capitalizing on surging hyperscale build-outs across North America, Europe, Latin America, and the Asia-Pacific region.

Strong Q2 FY27 Financial Performance Underpins Management Confidence

Verma’s upbeat commentary comes immediately after Black Box posted broad-based double-digit growth across top-line revenue, operating earnings, and net profit for the quarter ended September 30, 2026. Consolidated revenue from operations climbed 22.1 percent year-on-year to ₹1,936 crore, compared with ₹1,585 crore in the corresponding quarter of the previous fiscal year. Bottom-line profitability expanded at an even faster clip, with consolidated net profit surging 30.4 percent year-on-year to ₹73 crore, up from ₹56 crore a year earlier.

At the operating level, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 26.2 percent year-on-year to ₹183 crore, compared with ₹145 crore in the year-ago quarter. Disciplined cost management and a higher share of value-added infrastructure projects lifted the EBITDA margin by 40 basis points from 9.1 percent to 9.5 percent. Encouraged by the earnings beat and management’s bullish commentary on AI infrastructure, Black Box shares rallied on Dalal Street during Friday’s session, gaining around 2 percent to trade above the ₹900–₹915 zone.

What Investors Should Track in Black Box's Next Phase of Expansion

For investors and market participants tracking Black Box across India’s major financial centers, the company’s dual engine of 15–20 percent organic growth and disciplined global acquisitions sets clear benchmarks for the quarters ahead. Key triggers to watch include formal regulatory disclosures regarding the prospective Nasdaq-listed acquisition target, steady conversion of the $1.04 billion order backlog into quarterly revenue billings, and continued margin expansion toward management’s double-digit operating target. If AI infrastructure and data center demand maintain their current pace, Black Box appears well-positioned to sustain its earnings momentum through the remainder of the fiscal year and beyond.