Chennai-based data analytics company LatentView Analytics announced its financial results for the third quarter of FY25, reporting a total operating revenue of ₹2,278 million. This marks a 9.0% quarter-over-quarter (QoQ) and 37.5% year-over-year (YoY) increase in revenue, attributing the growth to momentum on consulting, GenAI projects, and new client wins.
LatentView has secured a $3.2 million partnership with a global technology leader, collaborating with its Analytics and Decision Support team. The initiative will deliver an integrated, scalable business intelligence and data engineering solution to streamline workflows and enhance data-driven decision-making.
Moreover, LatentView onboarded nine new clients, including three former clients and 10 GenAI projects, during the quarter.
“This strong performance was driven by momentum in consulting, GenAI projects, and new client wins,” said Rajan Sethuraman, chief executive officer of LatentView Analytics. The company said it will continue investing in building GenAI capabilities.
During the earnings call, Sethuraman noted that the company had a strong quarter in its Data Engineering horizontal and that its partnership with Databricks remains robust, as LatentView has become an elite, top-tier partner of Databricks. He stated, “Our Databricks Center of Excellence, along with the partnership we are building with Databricks, continues to grow.”
He further said that the company is seeing some interest from the Indian market in employing and deploying high-end generative AI and other solutions that could help them manage their operations and improve their decision-making effectiveness.
LatentView is experiencing good traction with GCCs in India and has won two major clients. “On the GCC front, there has been expansion with some of the accounts. We have also seen good interest in new conversations, and we expect to close a few more in the current quarter.”
Sethuraman said that they have doubled down in the consumer goods space in terms of investments that we have made, both organic and inorganic, through the acquisition of Decision Point.
However, the company is experiencing some headwinds in terms of general market conditions for CPG companies. These have resulted in subdued performance and impacted their market capitalisation and appetite for spending on initiatives.
“We are looking at this and figuring out ways to reallocate effort and resources in the right direction so that we continue to do well in this space. This will continue to be an area of focus, and I will keep you updated in subsequent interactions on how this space is playing out,” said Sethuraman.
Other key highlights from the quarter include a 62% YoY growth in the financial services vertical and the appointment of Remadevi Thottathil as Chief Human Resources Officer. The company also hosted several major events, including the LatentView Roundtable and its first Investor Day.
As the company prepares for FY26, it remains focused on deepening client relationships and leveraging emerging technologies to drive growth.