TLDR: LatentView Analytics reported a strong financial performance for Q2 FY25, with consolidated operating revenue reaching ₹2,090 million, marking a 34.2% year-over-year increase. The company’s strategic focus on generative AI solutions, enhanced data engineering through an Elite C&SI partnership with Databricks, and global expansion initiatives, including the acquisition of Decision Point Analytics, are key drivers of this growth. Profit After Tax (PAT) also grew by 17.3% YoY to ₹399 million.
Chennai, India – November 8, 2024 – LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a prominent global data analytics, consulting, and solutions firm, has announced impressive financial results for the second quarter of Fiscal Year 2025, which concluded on September 30, 2024. The company recorded a consolidated operating revenue of ₹2,090 million, reflecting a substantial 34.2% growth compared to Q2 FY24 and a 16.8% increase quarter-over-quarter.
Commenting on the strong performance, Rajan Sethuraman, Chief Executive Officer of LatentView Analytics, stated, “We are pleased to announce the 7th sequential quarter of revenue growth, delivering ₹2,090 Mn in revenue and 34.2% growth compared to Q2FY24. The acquisition of Decision Point Analytics has concluded and integration of the GTM and delivery teams is underway. LatentView is now an Elite C&SI partner with Databricks and we will invest in growing this partnership by setting up a Databricks COE and building verticalized solutions. We are pleased about the momentum in our financial services practice that grew by 59% compared to Q2FY24, driven by robust demand from existing clients.” The company’s financial services practice notably grew by 59% year-over-year, fueled by strong client demand.
Further elaborating on the financial specifics, Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, noted, “For Q2FY25, we reported an operating revenue of ₹2,090 million with an adjusted EBITDA margin (before considering transaction related costs) of 22.5%, up 110 bps compared to Q1FY25. Our headcount as on September 30, 2024 stood at 1,609 and cash and investments stood strong at ₹10,201 million.” The adjusted EBITDA margin, excluding transaction-related costs, improved to 22.5%, a 110 basis point increase from the previous quarter. The company’s robust financial health is further underscored by its strong cash and investments position of ₹10,201 million and a growing team of 1,609 employees as of September 30, 2024.
Key financial highlights for Q2 FY25 include an EBITDA of ₹453 million, demonstrating a 47.0% YoY growth, and a Profit After Tax (PAT) of ₹399 million, up 17.3% YoY. Basic Earnings Per Share (EPS) stood at ₹1.94, reflecting a 16.6% increase year-over-year.
LatentView Analytics continues to drive innovation through its client engagements. Notable client wins in Q2 FY25 include developing a GenAI-powered solution for a Dutch multinational Banking and Financial services corporation to enhance content creation. The company is also building a recommendation engine leveraging machine learning and deep learning models for a leading technology-enabled Payments-As-A-Service company. Additionally, it is providing social media analytics and customer sentiment analysis using AI/ML for a large multinational conglomerate to understand market trends and competitor information.
Beyond financial achievements, LatentView highlighted its strategic initiatives, including showcasing Launchpads, Partnerships, Captive Buyout models, and its Global Innovation Hub (GIH) to companies seeking talent and business value. In August 2024, the company hosted an event in Bengaluru titled ‘Game Off Shores: Get Your Analytics and AI Forces Together,’ focusing on Global Capability Centers (GCCs) for Data and Analytics.
Industry recognition further solidifies LatentView’s position as a leader. The company was recognized in the ISG Provider Lens Report 2024 for Specialty Analytics Services as a Supply Chain Leader and by AIM Research in their 2024 PeMa Quadrant as a Leader and a Top Data Science Service Provider.
In a significant technology partnership, LatentView has become an Elite C&SI (Consulting and System Integrator) partner with Databricks. To deepen this collaboration and drive innovation, the company has launched a Databricks Center of Excellence (CoE), bringing together data engineers and specialized Databricks experts to deliver advanced data analytics solutions to clients.
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LatentView Analytics, a global data analytics company, is dedicated to empowering businesses with a 360-degree view of the digital consumer, enabling them to predict revenue streams, anticipate product trends, improve customer retention, and optimize investments. The company serves over 30 Fortune 500 companies across various sectors, including Technology, Financial services, CPG, Retail, and Healthcare, with a global presence and a team of over 1280 employees.
