
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.