LatentView Analytics Reports Mixed Financial Results in Q1 FY25

LatentView Analytics Reports 14% Drop in PAT on QoQ Basis

Chennai: Chennai-based data analytics firm LatentView Analytics reported a profit after tax (PAT) of Rs 39 crore in the June quarter, declining 14% on a quarterly basis (QoQ) and grew 18.5% on a yearly basis. The company's operating revenue grew 21% and stood at Rs 178 crore. Earnings per share stood at Rs 1.89 for the quarter. Speaking to TOI, Rajan Venkatesan, CFO said the demand remained subdued and anticipated deals took time to realise."EBITDA margin shrinking is due to wage increments, cyclical visa costs, M&A advisory related expenses." He said the traditional spending has not shrunk but the new projects are going more on the generative artificial intelligence proof of concepts like GenAI on top of insights. Currently the ticket size of the projects are small and in two years, these projects would be bigger, he added. It has implemented a Gen AI based application to understand the audience metrics. TNN

LatentView reports 19% increase in PAT in Q1'25

LatentView Analytics Limited, the Chennai-based data analytics, consulting, and solutions firm, reported a 19 per cent increase in net profit to ₹39 crore for the first quarter ended June 30, 2024 against ₹32 crore in the same period last year. The net profit in the first quarter was down when compared to the April quarter's number of ₹45 crore. This was because of cost associated with US visa fees and salary increment that impacted 2 per cent of the margins, the company's CEO Rajan Sethuraman said. The company had rolled out salary increments for the entire team effective April 1, 2024. The company also honoured all our commitments to onboard campus hires, despite the challenging macro environment. The wage increment was 8-10 per cent in India and 4 per cent in the US. Last fiscal, the increment was slightly higher, he told businessline. Revenue for the first quarter grew by 21 per cent to ₹179 crore, says a release. Sethuraman said the company may end the fiscal with 16-18 per cent organic growth depending upon how quickly the demand scenario accelerates. Last fiscal, the company grew at around 19 per cent, he said. Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said with the acquisition of Decision Point completed on July 1, 2024, the company has fully utilised the proceeds raised during our IPO well ahead of stated timelines. "We remain committed to investing for organic and inorganic growth opportunities. As of June 30, our headcount stood at 1,261 and cash and investments (excluding IPO proceeds) remained at ₹1,133 crore," he said. Big strides in Gen AI "As our investment and focus on Generative AI continues to grow with the development of solutions in this space, we are in the process of implementing enterprise-wide Gen AI projects for some of the largest Fortune 500 tech organisations," the company said in a release. For one of the world's largest tech brands, the company is leveraging its Gen AI-powered MarketLens solution to create an application for users to interact and compare with different sets of audience persona and generate insights, helping them understand the audience business metrics. For a leading tech device manufacturer, we are using our Gen AI-based chatbot, Sally, to enhance users' understanding and optimisation of their device's performance through natural language. On the NSE, the company's share price closed at ₹534, up by 0.95 per cent. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on July 26, 2024

LatentView Analytics reports Q1 net profit of Rs 38.92 cr, revenue up 21%

Total income during the quarter under review grew to Rs 196.31 crore from Rs 165.56 crore registered in the same period a year ago. The total income for the year ending March 31, 2024 is Rs 714.38 crore. Commenting on the financial performance, company Chief Executive Officer Rajan Sethuraman said, "We have started the fiscal year on a positive note with a strong performance. For Q1FY25, our revenue grew by 21.1 per cent on a year-on-year basis and 4.2 per cent sequentially. Our continued growth momentum is a testament to the strong execution by our team." LatentView Analytics Chief Financial Officer Rajan Venkatesan said, "With the acquisition of Decision Point Analysis completed on July 1, 2024, we have fully utilised the proceeds raised during our IPO well ahead of stated timelines. We remain committed to investing for organic and inorganic growth opportunities." He further said, "As of June 30, 2024, our headcount stood at 1,261, cash and investments (excluding IPO proceeds) remained strong at Rs 11,330 million (Rs 1,133 crore)." Early this month, LatentView Analytics said it had completed the acquisition of Decision Point Analysis which is a global leader in Artificial Intelligence Business Transformation and a Revenue Growth Management solution provider.

LatentView Analytics Q1FY25 revenue grew 21.1% YoY and 4.2% QoQ; EBITDA Margin at 21.4%

LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a global data analytics, consulting, and solutions firm, today announced its financial results for the first quarter of FY25, ended on June 30, 2024. Commenting on the results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, "We have started the fiscal year on a positive note with a strong performance. For Q1FY25, our revenue grew by 21.1% on a YoY basis and 4.2% sequentially. Our continued growth momentum is a testament to the strong execution by our team. This quarter, we added several new marquee logos and continued to strengthen our existing relationships. The integration of our recent Decision Point acquisition has been successfully completed and this will bolster our footprint in the CPG vertical and in delivering business value to our clients through RGM and Gen AI expertise. Furthermore, we rolled out salary increments for the entire team effective, April 1, 2024 and honoured all our commitments to onboard campus hires, despite the challenging macro environment." Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, "For Q1FY25, we reported an operating revenue of ₹1,789.4 million with an EBITDA margin of 21.4%, up 240 bps on YoY basis. The EBITDA margin was lower on a sequential basis owing to impact of salary increments and cyclical visa costs. With the acquisition of Decision Point completed on July 1, 2024, we have fully utilised the proceeds raised during our IPO well ahead of stated timelines. We remain committed to investing for organic and inorganic growth opportunities. As of June 30, 2024, our headcount stood at 1,261 and cash and investments (excluding IPO proceeds) remained strong at ₹11,330 million." Key Financial Highlights Particulars ₹ Million Q1FY25QoQ GrowthYoY GrowthFY24Operating Revenue1,7894.2%21.1% 6,407EBITDA383(5.3%)36.3%1,360EBITDA %21.4% 21.2%PBT521(1.7%)21.8%1,970PBT %26.5% 27.6%PAT389(13.9%)18.5%1,586PAT %19.8% 22.2%Basic EPS (₹)1.89(14.1%)18.1%7.73Select Key Client Wins in Q1FY25For a leading Fortune 500 global media and entertainment company, we are developing a unified, next-gen insights delivery mechanism, offering a holistic view and seamless analysis to drive greater value from the company's extensive research efforts.For a large power generator manufacturer, we are building an IHC (In-House Consulting) forecasting engine to help them effectively handle marketing strategies, demand, inventory and operational planning, and resource allocation.For a leading South African food manufacturer, we are enabling competitive benchmarking and market research for their R&D function. By delivering detailed insights, we will empower the R&D head to identify gaps and create a strategic R&D timeline.For a leading European media company, using SmartInnovation, a LatentView consumer insights platform, we are helping them understand customer behaviour and drivers for purchasing. This engagement also includes delivering insights on competitors.Other Business Highlights of Q1FY25 Onboarded key client partners Mitch Lustig: Mitch joins as a Client Partner for our Technology vertical, to drive large multi-million client relationships. Mitch has over 20 years of experience in enterprise account management, business development, customer success, product management and consulting.Santosh Pandey: Santosh joins our Industrials entity as the Client Partner for our Automotive practice. Santosh has over 15 years of experience in IT and Digital Consulting and has previously worked with large technology and consulting firms serving Automotive, Manufacturing and Retail clients. Big strides in Generative AI As our investment and focus on Generative AI continues to grow with the development of solutions in this space, we are in the process of implementing enterprise-wide Gen AI projects for some of the largest Fortune 500 tech organizations. For one of the world's largest tech brands, we are currently leveraging our Gen AI-powered MarketLens solution to create an application for users to interact and compare with different sets of audience persona and generate insights, helping them understand the audience business metrics.For a leading tech device manufacturer, we are using our Gen AI-based chatbot, Sally, to enhance users' understanding and optimization of their device's performance through natural language.For the world's largest video streaming service provider, we are building an Insights Generation chat app. Built on retrieval augmentative generation architecture, it seamlessly integrates domain knowledge, context, and data for actionable insights, empowering users with quick responses. Awards International Myeloma Foundation - IMF Partner of the Year Award: IMF recognized LatentView as their Partner of the Year for 2023-24. This award recognizes LatentView's contribution in building an AI-powered knowledge platform that helps the IMF team to make improvized medical decisions based on the appropriate medical conditions of the patient, making a real difference in the lives of patients with multiple myeloma.Great Place to Work: LatentView has been certified as a Great Place to Work and recognized among India's Best Workplaces.Great Mid-size Workplace: LatentView was honoured and featured amongst India's great mid-size workplaces in India. This milestone is a testament to an exceptional work environment that fosters growth, collaboration, and innovation. Marketing updates CPG-focussed Executive Roundtable in New York City: LatentView and Decision Point, joined forces for an exclusive event for CPG and Retail leaders in Jersey City, welcoming voices from around the tri-state and beyond to discuss the latest trends and breakthrough technologies in the world of analytics for CPG and Retail industries. The event focused on Revenue Growth Management (RGM), Product Innovation, and Supply Chain, as well as the growing influence of Gen AI in these areas.Auto-focussed Executive Roundtable in Detroit: In our networking event themed 'Shifting Gears: Building a Connected Ecosystem to Drive Growth' in June, industry leaders explored strategies for leveraging analytics and AI to enhance profitability and foster growth. The event featured three prominent solutions: ConnectedNXT, ConnectedView MSV, and BeagleGPT. New Office Inauguration - Bangalore: LatentView recently inaugurated the new and modern office space for our 150+ strong team in Bangalore. About LatentView Analytics Latent View Analytics Limited (LatentView) is a global data analytics company that inspires and transforms businesses to excel in the digital world by harnessing the power of data. The Company provides a 360 degree view of the digital consumer, enabling companies to predict new revenue streams, anticipate product trends and popularity, improve customer retention rates, and optimize investment decisions. LatentView is a trusted partner to enterprises worldwide, including 30+ Fortune 500 companies in the Technology, Financial services, CPG, Retail, and Healthcare sectors. LatentView Analytics partners with clients across the United States, Germany, UK, Netherlands, Singapore, India and has 1260+ employees. For more information, please visit https://www.latentview.com or follow us on LinkedIn. Safe Harbour This release may contain certain forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those that are projected by these forward-looking statements. LatentView Analytics Ltd. undertakes no obligation to update forward-looking statements that may be made by us from time to time by us or on our behalf.