SAN JOSE, California -.It is the 11th of November. It has been announced today that Automation Anywhere, which is the leader in intelligent automation that enables AI to work across every aspect of an organization, delivered strong third quarter results, driven primarily by the launch of new generative AI-enhanced automation products, large enterprise customers, and global sales execution.. As a result of its strong performance across global regions, the company reported that the dollar value of large deals increased by more than 35 percent year on year, enabling the company to achieve profitability well ahead of schedule despite its strong performance across global regions.
As a result of its strong performance across global regions, the company reported that the dollar value of large deals increased by more than 35 percent year on year, enabling the company to achieve profitability well ahead of schedule despite its strong performance across global regions.
Mihir Shukla, CEO and Co-founder of Automation Anywhere, said, "Our third quarter results exceeded goals across our key metrics, with large deal growth as a strong signal that customers are increasingly adopting our platform for business transformation,". "Our GenAI-powered solutions and use cases contributed to 30 percent of the bookings, confirming that customers are looking for a powerful combination of AI and automation technologies to resolve their complex problems in the most efficient way possible. With the combination of strong revenue performance and disciplined cost control, we were able to reinvest in the growth of the business. In addition to the goal of building an enduring 'Rule of 40' company, our financial results represent a tangible signal that we are on the right track.
In addition to the goal of building an enduring 'Rule of 40' company, our financial results represent a tangible signal that we are on the right track.
Highlights of the business for the year
As Maureen Fleming, AI and Automation Research Vice President at IDC, points out, the top priority for organizations adopting GenAI is to increase productivity, which is one of the major reasons for the rapid and accelerating adoption of this technology. The convergence of cloud, automation, and GenAI will deliver advanced capabilities aimed at increasing productivity and efficiency in organizations - as well as enabling the provider of these converged services to grow.  
As a result of automation and generative artificial intelligence, we will be able to reimagine every part of a company's business operations for the first time in a generation, and all departments and functions will benefit from them. It is becoming increasingly clear that intelligent automation is a great way for organizations to deploy artificial intelligence safely and securely and achieve significant ROI fast," Shukla said.
Highlights of the Third Quarter Announcements
The third quarter of Automation Anywhere ended on October 31, 2023. As a private company, Automation Anywhere does not provide detailed financial information about the company.
We at Automation Anywhere are proud to be the leading provider of intelligent automation solutions that put artificial intelligence to work across every aspect of an organization.. Powered by specialized AI and generative AI, the company's Automation Success Platform provides process discovery, robotic process automation, end-to-end process orchestration, document processing, and analytics, as well as a security and governance framework designed for the automotive industry.. It is our mission at Automation Anywhere to empower organizations around the world to unleash productivity gains, drive innovation, enhance customer service, and accelerate business growth through automation. With the vision to fuel the future of work by unleashing human potential through intelligent automation, the company is guided by its vision to fuel the future of work. Visit the website for more information.Anywhere, anytime automation.Please visit: www.com
Please visit: www.com
It is important to note that Automation Anywhere is a registered trademark/service mark of Automation Anywhere, Inc. in the US and other countries.
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The Source Automation Anywhere, Inc.
In Newsweek's annual list of the Top 100 Most Loved Workplaces®, Automation Anywhere was ranked number 14. The Top 100 Most Loved Workplaces® list for 2023 is out now.
There was a big announcement today made by Automation Anywhere, the leader in intelligent automation solutions that put Artificial Intelligence (AI) to work across every aspect of an organization...
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