LatentView Analytics Q2FY24 revenue grew 5.4% QoQ & 17.6% YoY; EBITDA Margin at 19.8%

Chennai: LatentView Analytics Limited, a global digital analytics consulting and solutions firm, today announced its financial results for the Second Quarter and Half Year of FY24 ended on September 30, 2023.

Commenting on the Q2FY24 results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, “We are happy to report positive headline numbers in-line with our guidance, which is a testimony to our deep client relationships, continuous value addition, service excellence and unwavering commitment to our customers. Despite the uncertain macroeconomic environment, quarterly revenue from operations grew 5.4% and 17.6% on a sequential and Y-o-Y basis, respectively. Revenues in H1FY24 grew 20.2% on a Y-o-Y basis in-line with the quarterly performance. We are happy to report positive traction for our value-led offerings, and in the European region, during the quarter."

Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, “Q2FY24 revenue from operations grew by ₹233Mn (Y-o-Y) and ₹80Mn (sequentially). Operating profit grew by ₹27Mn (80 bps) compared to the previous quarter on the back of growth in existing business and efficient cost management. With most of the investments behind us, our focus is now on driving strong execution and growth. Cash and Investments (excluding proceeds from the IPO) as of September 30, 2023, stood at ₹9,058 million. Our closing headcount stood at 1,146 and we welcomed 84 campus hires during the quarter.”