27, Nov 2023
LatentView Analytics Launches Project Apoorva
Chennai, November 27, 2023 – LatentView Analytics, a global digital analytics consulting and solutions firm, unveiled Project Apoorva today, aimed at transforming the lives of young adults from marginalized communities. This flagship initiative focuses on enhancing academic opportunities, career awareness, and exposure for adolescents through a specialized skill development program across government schools in Chennai.
The inauguration ceremony, held on November 27th, 2023, at Arignar Anna Government Higher Secondary School in Besant Nagar, was attended by key members from the Tamil Nadu government, LatentView Analytics management, and Learning Links Foundation, the primary implementation partner for Project Apoorva.
Project Apoorva signifies LatentView Analytics’ commitment to social impact and community development by leveraging its core competency in data analytics to impart valuable skills to 4000 students from grades 9-12. The program’s design ensures a sustainable and scalable impact, equipping students with essential 21st-century skills to navigate adulthood successfully.
The curriculum of Project Apoorva has been co-created by the LatentView Analytics team, meticulously integrating real-life applications and practical training elements to ensure students gain skills directly applicable to real job scenarios. The project has garnered significant interest from the Chennai education department, considering its alignment with the Naan Mudhalvan Scheme by the Tamil Nadu Government, showcasing the collaborative effort between public and private sectors to drive positive change in education and skill development.
At the inauguration, Rajan Sethuraman, CEO of LatentView Analytics, said, “At LatentView Analytics, we’re driven to go beyond traditional philanthropy and financial support and intend to make a meaningful difference in society. Project Apporva is an opportunity to transform lives, and we are committed to this mission.” He added, “Our passion extends to our employees, who actively participate in our initiatives. We are keen to utilize our data expertise and resources to create tangible, lasting change in the youth of Tamil Nadu.”
Learning Links Foundation, a non-profit organization established in 2002, shares LatentView Analytics’ vision of empowering youth through education and skill-building initiatives. Their mission is to foster purpose and progress by unlocking lifelong learning in children, adolescents, and youth through the key pillars of education, skill building, entrepreneurship, technology, innovation, and research and development. This alignment in vision makes them a robust partner to LatentView for Project Apoorva.
Project Apoorva aims to enhance academic opportunities and instill confidence and valuable skills in the young minds of tomorrow, paving the way for a brighter future for these students.
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- By Rabindra
28, Oct 2023
LatentView Analytics Q2FY24 revenue grew 5.4 percentQoQ & 17.6 percent YoY; EBITDA Margin at 19.8 percent
Chennai, India – October 28, 2023: LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), 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, of 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, of 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.”
Key Financial Highlights
| Particulars
₹ Million |
Q2FY24 | QoQ Growth | YoY Growth | H1FY24 | YoY Growth |
| Operating
Revenue |
1,557 | 5.4% | 17.6% | 3,034 | 20.2% |
| EBITDA | 308 | 9.7% | (17.5%) | 589 | (18.4%) |
| EBITDA % | 19.8% | 77 bps | (842 bps) | 19.4% | (917 bps) |
| PBT | 447 | 4.4% | 3.0% | 874 | 2.7% |
| PBT % | 25.9% | 2bps | (482 bps) | 25.9% | (557 bps) |
| PAT | 340 | 3.5% | (8.7%) | 669 | (2.7%) |
| PAT % | 20% | (14 bps) | (670 bps) | 20.0% | (559 bps) |
| Basic EPS (₹) | 1.66 | 3.8% | (10.7%) | 3.26 | (4.8%) |
Select Key Client Wins in Q2FY24
A well-known American producer and seller of homemade pet food partnered with LatentView Analytics to lead their data engineering vision. LatentView created a centralized data warehouse for workforce management, ingested data from various source systems, and optimized business intelligence reports with GCP and Looker.
- A leading commercial lender based out of the US partnered with LatentView to increase funnel uptake and drive adoption through funnel conversion analysis, page-level conversion and funnel metrics, A/B testing, experimentation, measurement, and reporting for product and data
Other Business Highlights of Q2FY24
We are happy to welcome Jai Kibe on board as a LatentView Analytics Advisory Council member. Jai has over 25 years of experience building and implementing digital solutions for rapidly growing brands. His recent role was at SC Johnson as the Senior Vice President and CMO. Before that, he led marketing strategy at Coca-Cola for over 23 years, holding various leadership positions.
- In July 2023, the 15ᵗʰ edition of LatentView Analytics’ flagship roundtable was held in New York, with the theme “Chaos to Clarity: Analytics can help you reprioritize”. Industry leaders explored the need for reprioritizing organizational strategies to drive growth and ultimately achieve better outcomes by harnessing the power of data analytics.
- In July 2023, we partnered with Amazon Web Services (AWS) to host a CXO Roundtable for innovation and supply chain leaders in the CPG, retail, and manufacturing industries, to showcase how data and AI can enable smarter new product development and help create a connected supply
- In September 2023, we hosted our annual CXO Executive Lunch Series in Dallas, Texas, under the title “Precision & Persuasion: The Science of Data-driven Personalization”, to explore the winning trick to achieve balanced personalization, and finding the sweet spot where tailored experiences enhance customer
- LatentView Analytics was named a leader in the PeMa (Penetration-Maturity) Quadrant 2023 by Analytics India Magazine for Data Science Service Providers in August
- Rajan Sethuraman, CEO of LatentView Analytics, has been recognized as one of the AIM Top 20 CEOs of Data Science Service Providers for
- LatentView Analytics has continued to be recognized as a Great Place to Work® for 2023-24 and has also been recognized this year as one of India’s Best Workplaces for women
