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ETMarkets.com Rajan Venkatesan, Chief Financial Officer at LatentView Analytics, said the company has clocked its 10th consecutive quarter of growth, driven by strong traction in the banking, financial services (BFSI) and consumer packaged goods and retail (CPGR) verticals. Talking to ET Now, he said the firm’s consistent expansion is now being complemented by the rapid adoption of Generative AI (GenAI) solutions and nearshore delivery models.LatentView posts 10 straight quarters of growth; BFSI business up 70–80% YoYVenkatesan said LatentView’s financial services segment grew nearly 30% sequentially this quarter and is expected to post a 70–80% year-on-year jump for FY25.“We have been intentionally investing in BFSI and CPGR verticals, and those bets are now paying off,” he said, adding that the technology vertical continues to be a steady growth driver.The company’s profitability dipped slightly due to a one-time deferred tax income last quarter. Going forward, he expects steady-state PAT margins as the effective tax rate (ETR) normalizes around 25%.GenAI to contribute $8–10 million in revenue this yearThe LatentView CFO said Generative AI is emerging as a key growth lever, contributing $8–10 million in annual revenue. Beyond direct GenAI projects, the company is embedding AI-driven efficiency across existing analytics solutions.Live Events“We’ve been using AI for years, but the accessibility of GenAI has opened new possibilities,” said Venkatesan. “It’s not just about revenue—it’s transforming how we deliver analytics and value to clients.”Margins steady around 21%; no pricing pressureDespite heavy investments in GenAI and Databricks capabilities, LatentView’s gross margins remain above 50%.“There’s absolutely no pricing pressure,” Venkatesan emphasized. “Margins have been stable; the slight moderation is due to capability-building investments, not cost or client-side issues.”The firm is now focusing on expanding nearshoring delivery centers in Canada and Mexico to balance costs and improve efficiency. The company expects its workforce mix to settle at 70% offshore, 20% onsite, and 10% nearshore in the coming quarters.Strategic investments in GenAI and Databricks to drive long-term growthLatentView is investing ahead of the curve to sustain double-digit growth.“We’re building depth in GenAI and Databricks because they’re integral to future analytics delivery,” said Venkatesan. “These investments will help us deliver sustainable, high-percentage growth in the coming years.”Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) Read More News onLatentView AnalyticsGenerative AIRajan Venkatesannearshoring deliverygross marginsfinancial services growthanalytics solutionsBFSI and CPGR verticalsLatentView quarterly resultsLatentView CFO on GenAI and BFSI expansion (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless (You can now subscribe to our ETMarkets WhatsApp channel)Read More News onLatentView AnalyticsGenerative AIRajan Venkatesannearshoring deliverygross marginsfinancial services growthanalytics solutionsBFSI and CPGR verticalsLatentView quarterly resultsLatentView CFO on GenAI and BFSI expansion(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
