LatentView Analytics sees 38% revenue increase in third quarter
LatentView Analytics has witnessed a 38% increase in revenue on a year-on-year basis in the third quarter and saw a 14% growth sequentially. The company’s profit after tax rose 39% on a year-on-year basis. “We are overwhelmed by the response we received for our IPO and we extend a warm welcome to all our new shareholders who made our IPO listing successful. We are happy to report a 38% increase in revenue from operations in Q3 FY22 on a y-o-y basis and a strong 14% growth on a sequential basis. For the nine months ending December 2021, our revenue from operations grew by 28% compared to the same period in the last Fiscal Year. This was driven by growth across existing clients and new client additions. We added 15 new clients over the last nine months ending December 2021 and 6 new clients in Q3FY22.” Rajan Sethuraman, Chief Executive Officer, LatentView Analytics said. The company also won multiple client contracts during the third quarter, including: For an American cryptocurrency exchange platform, LatentView Analytics was brought on board to provide expertise in areas related to Marketing, Customer Analytics and PartnershipsFor a leading American mobile app offering vehicles for hire, the company is building data and analytics capabilities across their Fraud and Identity, Payments, Support and Safety For the world second largest wine and spirits seller, LatentView Analytics is helping the Portfolio Growth Team to improve total market share of spirits across the USA For an American financial services company that introduced commission-free investment, LatentView Analytics is assisting them to deliver Legal Query Resolution For an American big-box retail chain, LatentView Analytics has been shortlisted to work as an analytics partner to build forecasting solution for demand and inventory management For an American technology giant, the company has been shortlisted to revamp existing reporting mechanisms and build data pipelines for accurate data for their cloud-based voice service
For the nine months ending December 2021, the company’s revenue from operations grew by 28% compared to the same period in the last Fiscal Year.
For the nine months ending December 2021, the company's revenue from operations grew by 28% compared to the same period in the last Fiscal Year.
["latentview", "Revenue"]
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["AI", "analytics", "R", "data pipeline", "IPO", "programming_languages:R"]
Sharath is an ardent believer in the ‘Transhumanism’ movement. Anything and everything about technology excites him. At Analytics India Magazine, he writes about artificial intelligence, cybersecurity and the impact these emerging technologies have on day-to-day human lives. When not working on a story, he spends his time reading tech novels and watching sci-fi movies and series.