Latent View Analytics , a leading AI-driven analytics and data engineering firm, has announced robust financial results for the second quarter, demonstrating strong growth and strategic focus on AI-powered solutions.

Financial Highlights

LatentView reported impressive year-over-year growth in its key financial metrics for Q2:

The company's consolidated revenue reached ₹2,575.42 million, marking a significant 23.2% increase from the same quarter last year. Adjusted EBITDA grew by 23.5% year-over-year to ₹580 million, maintaining a healthy margin of 22.5%. Reported Profit After Tax (PAT) stood at ₹457 million, up 14.6% compared to the previous year's Q2.

Strategic Focus and Growth Drivers

Rajan Sethuraman, Chief Executive Officer of LatentView, highlighted the company's consistent performance, stating, "We are pleased to report the 11th consecutive quarter of revenue growth, with 9.1% sequential and 23.2% YoY expansion, reflecting the consistency and resilience of our business model."

Key growth drivers and strategic initiatives include:

1. Financial Services Growth: The Financial Services practice led the growth momentum, delivering 29.9% sequential and 94% YoY growth, driven by strong client demand.

2. CPG and Retail Expansion: The Consumer Packaged Goods (CPG) and Retail practice grew by 23% YoY, supported by strong execution and new marquee logo wins.

3. AI Strategy: LatentView is focusing on building differentiated Generative AI and Agentic AI solutions to address critical enterprise challenges.

4. Databricks Partnership: The company's Databricks practice continues to gain traction, with positive results from sustained investments in this channel and capability building.

Operational Highlights

Rajan Venkatesan, Chief Financial Officer, emphasized the company's operational rigor, stating, "Strong momentum continues with revenue of ₹2,575 million and adjusted EBITDA margin of 22.5%. Margin expansion during the quarter was driven by strong operational rigor."

Other notable operational highlights include:

• Synergies from the Decision Point acquisition, particularly in the CPG and Retail business.
• Strong traction in near-shoring operations, driven by Decision Point's local presence in those markets.
• Continued investment focus on R&D in the AI Center of Excellence and Databricks practice.

Future Outlook

LatentView Analytics is positioning itself for future growth through several key strategic initiatives:

1. Generative AI Solutions: Empowering business transformation with LatentView's RAISE, delivering GenAI-driven solutions.
2. Data Engineering Enhancement: Fostering innovation and best practices through the Databricks partnership.
3. Global Expansion: Strengthening client proximity through expanded nearshore centers in Canada, Mexico, and LATAM.
4. Talent Development: Accelerating talent growth with L&D partnerships and in-house bootcamps to build a skilled, scalable workforce.

As LatentView Analytics continues to leverage its strengths in AI, data analytics, and global delivery capabilities, the company appears well-positioned to capitalize on the growing demand for advanced analytics solutions across various industries.

Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.

Latent View Analytics , a leading data analytics company, has announced that the recent U.S. Executive Order increasing H-1B visa application fees is not expected to significantly impact its operations or financial performance. The company's proactive approach to workforce management and strategic planning has positioned it well to navigate the changing immigration landscape.

H-1B Visa Applications and Approvals

In a disclosure to the stock exchanges, LatentView Analytics revealed that during the current financial year, the company had filed 135 new H-1B visa petitions. Of these applications, 32 have received approval from the U.S. Citizenship and Immigration Services (USCIS). This information provides context to the scale of the company's reliance on the H-1B visa program for its U.S. operations.

Strategies to Mitigate Visa Dependence

LatentView Analytics is taking a proactive stance to reduce its dependence on the H-1B visa program. The company outlined several strategies it is exploring:

1. In-market lateral hiring
2. Campus recruitment in the U.S.
3. Nearshoring opportunities
4. Increased offshoring of work

These initiatives demonstrate LatentView's commitment to maintaining operational flexibility and ensuring business continuity in the face of changing immigration policies.

Ongoing Monitoring and Transparency

The company has assured stakeholders that it will continue to closely monitor developments related to the U.S. Executive Order and its potential impacts. LatentView Analytics has committed to providing updates as appropriate, maintaining transparency with its investors and the market.

Investor Relations Activities

In addition to addressing the H-1B visa situation, LatentView Analytics also disclosed its upcoming investor relations activities. The company is scheduled to participate in a Non-Deal Roadshow (NDR) organized by ICICI Securities Ltd. on September 29th and 30th in San Francisco and Salt Lake City. This event will provide an opportunity for the company to engage with analysts and institutional investors, discussing industry and company-specific developments that are already in the public domain.

LatentView Analytics continues to demonstrate its commitment to open communication with the investment community, scheduling one-on-one and group meetings to keep stakeholders informed about the company's performance and strategies.

As the situation evolves, LatentView Analytics appears well-positioned to adapt to the changing regulatory environment while maintaining its focus on delivering value to clients and shareholders alike.