Conference Call with Latent View Analytics Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Data Processing Services firm Latent View Analytics Announced Q1FY23 Result : LatentView Analytics Q1FY23 revenue grew 37% YoY EBITDA Margin at 29% Commenting on Q1FY23 results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics said, “Our Q1FY23 performance was in-line with our expectations, and we are happy to report a revenue growth of 37% on YoY basis. I am pleased to share that our investments in the front-end sales team, building capabilities, assets and accelerators are showing results. We had healthy client additions during the quarter where we were brought on board as analytics thought partner including two in financials services. We onboarded a Business Head for the Retail practice to help accelerate the traction we are seeing in the marketplace. During the quarter, we launched our supply chain value proposition, ConnectedView, to help organizations leverage the power of data and analytics to create visibility across entire supply chain ecosystems and overcome barriers and disruptions. We continue to see strong demand for our services across Consulting and Data Engineering. We have started seeing revenue through strategic roadmap consulting, which will act as a force multiplier for new account conversion and account growth. We brought on board our new business head for Europe to increase our footprint and focus in the region. We ended the quarter with a headcount of 963, representing a net addition of 103 employeesincluding 84 campus hires. We remain committed to delivering profitable growth thus maximizing the value for our shareholders.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics said, “We reported revenue of Rs 1,199 million witnessing a growth of 37% YoY. Specifically, Financial Services vertical grew by 17% and technology, which is our largest vertical, grew by 15% during Q1 FY23. Our EBITDA margin for the quarter was at 29%. We recorded the highest PBT (before exceptional items) of Rs 418 million reflecting a growth of 46.4% YoY and 3.7% QoQ. Our Cash and Investments (excluding proceeds from the IPO) as of June 30, 2022 stood at Rs 5,879 million. Our niche business model and strong client relationships positions us well to capture growth momentum in the coming quarters.” Result PDF
Conference Call with Latent View Analytics Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Latent View Analytics declares Q4FY22 result: LatentView Analytics delivers industry-leading Q4FY22 revenue growth at 48% YoY; EBITDA Margin at 31% For a leading American SaaS company we are delivering data infrastructure as a service by removing silos and enabling data democratization for Revenue, Product and Analytics teams For a Fortune 500 fintech and payments company we enabled merchant sampling optimization by building a model that helps them select merchants from their consumer spending reports For a leading American BNPL company, we deliver Data Science and Analytics Consulting Services by performing Exploratory Data Analysis and Trendspotting Commenting on FY22 results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics said, “We are pleased to report another robust quarter and financial year driven by broad-based growth across existing clients and new client additions. We have a strong long-term relationship with our clients which is demonstrated in FY22 revenue growth of 33.3%. We crossed Rs 4,078 million in revenue which gives us a strong finish for FY22. As we enter FY23, we are confident that increased demand for our services across the Consulting, Data Engineering, Analytics spectrum positions us well to sustain the growth momentum. We’ve been brought on board as expertise partners for 18 new clients in FY22. Our CPG & Retail and Technology verticals witnessed strong growth momentum in FY22. Specifically, CPG & Retail vertical grew by 113% and Technology which is our largest vertical grew by 38% during FY22, validating the robust demand environment and our strong domain capabilities in these verticals.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics said, “We are pleased with our overall performance for the quarter and a full year. With revenue growth of 48% YoY and EBITDA margin of 30.5% for the quarter, we have delivered industry-leading growth and margin. Our Cash and Investments (excluding proceeds from the IPO) as of March 31, 2022 stood at Rs 4,833 million. We continued to invest in talent this fiscal. Net additions for the full year ending March 31, 2022 stood at 239.” Result PDF
Conference Call with Latent View Analytics Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Data Processing Services company Latent View Analytics declares Q3FY22 result: LatentView posts strong results following successful IPO Q3FY22 Revenue at Rs 1,078 Million up 38% y-o-y; EBITDA Margin at 30% For an American cryptocurrency exchange platform, we have been brought on board to provide expertise in areas related to Marketing, Customer Analytics and Partnerships For a leading American mobile app offering vehicles for hire, we are building data and analytics capabilities across their Fraud and Identity, Payments, Support and Safety For the world second largest wine and spirits seller, we are 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, we are with them to deliver Legal Query Resolution For an American big-box retail chain, we have been shortlisted to work as an analytics partner to build forecasting solution for demand and inventory management For an American technology giant, we have been shortlisted to revamp existing reporting mechanisms and build data pipelines for accurate data for their cloud-based voice service Rajan Venkatesan, Chief Financial Officer, LatentView Analytics said, “We are glad to report our first results post a successful IPO listing. Our EBITDA for Q3 FY22 grew by 22% on a sequential basis. Our strong EBITDA margins of 30% for the quarter ending December 31, 2021 was driven by robust revenue growth and operating leverage. Cash and Investments (excluding proceeds from the IPO) as on December 31, 2021 stood at Rs 4,502 Million.” Result PDF