SAN JOSE, Calif., March 11, 2024 /PRNewswire/ -- Automation Anywhere, the leader in intelligent automation that puts AI to work across organizations, today announced it delivered record fourth quarter performance, boosted by its generative AI-powered automation solutions, large enterprise customer deals, and robust sales worldwide. With its strong performance and increased momentum globally, the company reported that Q4 results exceeded its forecast and goals, notably a 50 percent growth from the third quarter and 14 percent increase in large deals year on year
With its strong performance and increased momentum globally, the company reported that Q4 results exceeded its forecast and goals, notably a 50 percent growth from the third quarter and 14 percent increase in large deals year on year
"Our fourth quarter and full year 2024 results illustrate our ongoing ability to deliver value to our customers," said Mihir Shukla, CEO and Co-founder of Automation Anywhere. "This was a pivotal year for the company, building and sustaining robust growth, and achieving profitability ahead of schedule. We're seeing more and more customers experience the tangible benefits of deploying AI and Intelligent Automation solutions at scale to help transform their business safely and securely. We have a very strong pipeline and tailwinds going into our fiscal year 2025
We have a very strong pipeline and tailwinds going into our fiscal year 2025
The company's high customer retention rate is a strong signal that customers are engaged, committed, and aligned with Automation Anywhere's strategy and vision. Related, the Automation Anywhere Pathfinder community program realized a 20 percent growth rate over the past year, and the Automation Anywhere University all-time online course completions cracked a staggering 3 million.
"Our focus in industry and specific vertical solutions to help customers accelerate dramatic process automation results is the focal point of our strategy moving into our new fiscal year," Shukla continued. "The feedback we have received from our customers reaffirms the value that can be achieved from GenAI and automation. Our customers are responding to the enormous opportunity that GenAI-powered automation can bring, and they are pushing us to help them optimize the tangible, measurable, and transformational outcomes possible
Our customers are responding to the enormous opportunity that GenAI-powered automation can bring, and they are pushing us to help them optimize the tangible, measurable, and transformational outcomes possible
"We've deployed Automation Anywhere's Intelligent Automation platform within various Osaic applications and process workflows and experienced impressive customer experience improvements and internal efficiencies," said Tim Hodge, Executive Vice President, Trading and Operations for Osaic. "We're thrilled to be leveraging the power of Intelligent Automation in our business."
"We've implemented the capabilities of Automation Anywhere's Intelligent Automation platform and are very impressed with early results and excited about the opportunities they are creating for our business," said Mark Conte, Chief Accounting Officer and Controller, JCPenney. "We expect the Automation Success Platform to help streamline labor-intensive processes as well as offer significant cost and materials savings in multiple areas across our organization."
Key Business Highlights
Fourth Quarter Announcement Highlights
Automation Anywhere's fourth quarter and 2024 fiscal year ended January 31, 2024. As a private company, Automation Anywhere does not disclose detailed financial information.
About Automation Anywhere
Automation Anywhere is the leader in intelligent automation solutions that put AI to work across every aspect of an organization. The company's Automation Success Platform is powered with specialized AI, generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing, and analytics, with a security and governance-first approach. Automation Anywhere empowers organizations worldwide to unleash productivity gains, drive innovation, improve customer service and accelerate business growth. The company is guided by its vision to fuel the future of work by unleashing human potential through intelligent automation. Learn more at www.automationanywhere.com
com
Automation Anywhere is a registered trademark/service mark of Automation Anywhere, Inc. in the United States and other countries.
Logo: https://mma.prnewswire.com/media/541440/Automation_Anywhere_Logo.jpg
SOURCE Automation Anywhere, Inc.
Automation Anywhere, the leader in intelligent automation solutions that put artificial intelligence (AI) to work across every aspect of an...
Automation Anywhere ist ein führender Anbieter von Automatisierungslösungen, die KI in allen Unternehmensbereichen zum Einsatz bringen. Kürzlich gab...

Source prnewswire