LatentView Analytics: Stellar Growth Spurt with Decision Point Acquisition

LatentView Analytics reported consolidated profits of Rs 40.7 crore for Q3 2024, marking consistent growth over the previous fiscal year. Total income rose significantly, boosted by the acquisition of Decision Point Analytics. The company emerged as an elite partner with Databricks, focusing on AI-led transformation strategies.

LatentView Analytics, a digital analytics consulting firm, has reported remarkable growth in its third quarter of 2024, posting profits of Rs 40.7 crore. This marks a significant increase from Rs 34 crore in the same period last year, highlighting the company's robust expansion trajectory.

The firm's total income for the quarter also saw a substantial rise, increasing to Rs 231.5 crore from Rs 172.66 crore year-on-year. The first half of the year ending September 30, 2024, recorded Rs 427.8 crore in total income, up from Rs 338.2 crore in the corresponding period last year.

LatentView's acquisition of Decision Point Analytics, finalized in March 2024, has played a pivotal role in boosting their operations. CEO Rajan Sethuraman indicated the firm's intent to strengthen their strategic partnership with Databricks, prioritizing the creation of a Centre of Excellence and verticalized solutions.

(With inputs from agencies.)