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The Economic Times
The Economic Times
Himanshi Lohchab and Puran Choudhary

Fractal says enterprise AI market still wide open as Q4 profit more than doubles

The enterprise AI market is still in its early stages of growth and offers a long runway for multiple players to compete, said Srikanth Velamakanni, chief executive of AI services firm Fractal Analytics, after the newly-listed firm announced its Q4 result.

The firm more than doubled its net profit to Rs 116 crore in the January-March quarter, helped by improvement in margins and decline in ESOP-related costs. The company posted revenue from operations of Rs 886.3 crore in the quarter, up 17% year-on-year.

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