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LatentView Analytics Ltd reported a consolidated profit after tax of Rs 42.6 crore for the October-December 2024 quarter, the company said on Friday. The city-headquartered global data analytics company recorded a profit after tax of Rs 46.5 crore during the corresponding quarter of the previous financial year. For the nine months ending December 31, 2024, consolidated profit grew to Rs 122.24 crore from Rs 113.4 crore in the year-ago period. Total income for the quarter ending December 31, 2024, rose to Rs 242.5 crore from Rs 188.6 crore in the corresponding quarter of the previous financial year. Total income for the April-December 2024 period stood at Rs 670.3 crore, compared to Rs 526.9 crore in the year-ago period. LatentView Analytics Chief Executive Officer Rajan Sethuraman, commenting on the October-December 2024 results, said, "We are pleased to announce our eighth consecutive quarter of revenue growth, with a 9 per cent quarter-on-quarter and 37.5 per cent year-on-year .
Digital analytics consulting and solutions company LatentView Analytics will pick up 70 per cent stake in Decision Point for USD 39.1 million, marking its foray into the Latin American market. Established in 2012, Decision Point is a leader in Artificial Intelligence-led Business Transformation and Revenue Growth Management (RGM) solutions, which has an employee base of over 300. Chennai-based LatentView Analytics, in a statement on Friday, said it would acquire the remaining 30 per cent stake in Decision Point over the next two years. "Decision Point's strength is in Revenue Growth Management solutions that help companies achieve sustainable and profitable growth, with data being the primary factor in this acquisition. This deal will bring 300-plus highly skilled employees into LatentView's CPG (Consumer Packaged Goods) practice and help us expand into the Latin America market," LatentView Analytics CEO Rajan Sethuraman said. Gurugram-headquartered Decision Point has over a decade
Global digital analytics consulting and solutions firm Latent View Analytics Ltd has reported a consolidated profit after tax for the quarter ending June 30, 2023, at Rs 32.85 crore, the company said on Thursday. The city-based company registered a consolidated net profit of Rs 31.47 crore during the corresponding period of last year. For the year ending March 31, 2023, the consolidated net profit stood at Rs 155.43 crore. Commenting on the financial performance, Chief Executive Officer Rajan Sethuraman said: "We are pleased to report another quarter of consistent growth fuelled by our continued focus on customer service, excellence, execution, and investments in building capabilities." The consolidated total income during the quarter under review grew to Rs 165.56 crore from Rs 129.73 crore recorded in the corresponding period of last year. The consolidated total income for the year ending March 31, 2023, was at Rs 594.52 crore. "Revenue grew 23.1 per cent on a year-on-year basi
Global digital analytics consulting and solutions firm LatentView Analytics Ltd has reported a profit after tax (PAT) at Rs 342 million for the quarter ending March 31, 2023, the company said on Tuesday. For the year ending March 31, 2023 the PAT grew to Rs 1,554 million, the company said. Operating revenues during the quarter under review grew by 20.1 per cent to Rs 1,411 million while for the year ending March 31, 2023 it stood at Rs 5,388 million. The Profit After Tax for FY22 includes exceptional item of Rs 226 million. Excluding exceptional item FY23 profit after tax at 45.4 per cent, the company said. Commenting on the financial performance, LatentView Analytics Chief Executive Officer Rajan Sethuraman said, "we are pleased to report the highest ever full-year revenue and profit margins in the history of our company." "Our revenue grew at 32 per cent on year-on-year basis for FY23. The growth was broad-based across technology, financial services.." he said. "As we move forw