LatentView Analytics reported strong Q2 FY’26 results, achieving INR 257 crores in revenue, up 23.2% Y-o-Y. The company is focusing on generative AI and Databricks partnerships, with a goal to reach $50 million in Databricks-related revenue in three years. While the technology sector faces some headwinds, LatentView is expanding into cybersecurity analytics and nearshore strategies to drive future growth and maintain industry-leading performance.
Financial Highlights
LatentView Analytics announced its Q2 FY’26 results, marking the 11th consecutive quarter of sequential revenue growth. Key highlights include:
- Revenue: Reached INR 257 crores, translating to approximately $31 million.
- Y-o-Y Growth: Achieved 23.2% growth compared to the same quarter last year.
- Q-o-Q Growth: Demonstrated a 9.1% increase in revenue compared to the previous quarter.
- Financial Services Growth: The financial services sector grew by almost 94% Y-o-Y.
The company reaffirmed its confidence in achieving its 3-year revenue target of $200 million to $220 million.
Strategic Initiatives and Growth Drivers
LatentView is strategically focusing on several key areas to drive future growth:
- Databricks Partnership: Aiming for $19 million in Databricks-related revenue this year, building towards a $50 million target in three years. Q2 saw about $1.4 million in new wins related to the Databricks partnership.
- AI Center of Excellence: Building capabilities in generative AI and agentic AI, already securing $5.5 million in revenue this year with another $7 million in the pipeline.
- CPG Synergies: The integration with Decision Point is yielding positive results, with the combined consumer goods practice expected to grow by around 28% this year.
- Nearshore Strategy: Proactively building nearshore capabilities to cater to increasing client interest.
- Cybersecurity Analytics: Exploring opportunities in cybersecurity analytics, with an initial win close to $1 million.
Challenges and Outlook
The technology sector is experiencing some sluggishness, with current visibility indicating around 7-8% growth. However, LatentView is taking measures to address this, including:
- Focusing on key accounts to drive increased engagement and revenue.
- Expanding in Latin America (LatAm).
EBITDA margin for the full year is guided to be between 22% and 23%.
Source: BSE
