Fractal reports its first $100M quarter as healthcare revenue climbs 79%
Srikanth Velamakanni's enterprise AI company reported 20% revenue growth and a 139% rise in net income for its fiscal second quarter.
By RuntimeWire Staff · Published
Primary source: FT + NYT + Semafor discovery (Google News)
Why it matters
Fractal's quarter tests whether a services-heavy enterprise AI firm can convert long-standing Fortune 500 relationships into higher-margin platform revenue. Cogentiq is growing 39%, yet its INR 1,500 million run-rate remains small beside INR 9,565 million of quarterly revenue, leaving the core business exposed to pricing pressure as AI models get cheaper.
Srikanth Velamakanni co-founded Fractal Analytics in February 2000. Twenty-six years later, the enterprise AI company has crossed a threshold that eluded it through the analytics boom, the pandemic-era data rush and the first wave of generative AI: a $100 million revenue quarter.…
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