Chennai, India – February 08, 2025: LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a global data analytics, consulting, and solutions firm, today announced its financial results for the third quarter of FY25, which ended on December 31, 2024.
Commenting on the results, Rajan Sethuraman, Chief Executive Officer, of LatentView Analytics, said, “We are pleased to announce our 8th consecutive quarter of revenue growth, with 9.0% QoQ and 37.5% YoY increase. This strong performance was driven by momentum in consulting, GenAI projects, and new client wins. This quarter marked several significant milestones, including a $3.2Mn engagement win, our highest value single contract with our largest client, reinforcing our strategic partnership and client centricity. Additionally, we also onboarded 9 new clients, including 3 former clients, indicating strong business momentum and improved market sentiment. During 9MFY25, we won 10 GenAI projects, and we continue to invest in building our GenAI capabilities. Notably, our financial services vertical witnessed a significant growth of 62% on a YoY basis during the quarter. As we enter FY26, we remain committed to deepening our client relationships, leveraging cutting-edge technologies, and capitalizing on emerging opportunities to drive growth momentum. ˮ
Rajan Venkatesan, Chief Financial Officer, of LatentView Analytics, said,
“For Q3FY25, we reported a total operating revenue of ₹2,278 million with an adjusted EBITDA margin of 26.1%. This margin is before factoring in acquisition-related costs and non-operating forex losses (primarily associated with intra-group loans). On an adjusted basis, our EBITDA margin improved by 360bps on a QoQ basis. As of December 31, 2024, our headcount stood at 1,622 and investments remained strong at ₹10,498 million, reflecting our financial stability and continued operational strength. ˮ
Large Deal Win
LatentView has secured a $3.2Mn deal with a multinational technology company to partner with their Analytics and Decision Support team. The project involves delivering a unified and scalable business intelligence, and data engineering solution to streamline operations and improve decision-making.
Select Key Client Wins in Q3FY25
- For a leading US telecommunications company, we are developing automated machine learning frameworks to improve network reliability through early detection of bandwidth bottlenecks.
- For a hi-tech manufacturing company in the oil and gas segment, we are supporting their digital transformation to improve product reliability, costs, and customer and employee experience.
- We are aiding an American multinational data center and communication network infrastructure provider to better align their web content strategy with trend spotting and consumer preferences.
- For a leading consumer sales and marketing agency, we are delivering precise sales forecasting using AI/ML and our ConnectedView accelerators.
- We are developing a guest lifetime value prediction model for a leading US-based cruise line to forecast customer spending behavior, driving revenue growth, and enhancing customer loyalty.
Other key highlights:
- Remadevi Thottathil (Rema) has been appointed as the Chief Human Resources Officer, reinforcing our commitment to driving growth through the strength and talent of our people.
- We hosted the 18th edition of the LatentView Roundtable, Hype to Hypergrowth – Deriving ROI from AI, in the Bay Area.
- Marking the third year of LatentViewʼs IPO, we held our first Investor Day, titled EvoLV, in Mumbai in November.
Other major events were Datanomics: Powering CX 2.0 in Financial Services with GenAI, New Jersey, AI Risk G Reward: Navigating the Business Landscape, Germany, and Game Off Shores: Get Your Analytics and AI Forces Together in Bengaluru.