In the city of San Jose, California,.The 11th of November. Automation Anywhere, a leader in intelligent automation that integrates artificial intelligence into every aspect of an organization, today announced strong third quarter results as a result of new generative AI-enhanced automation products, large enterprise deals, and global sales execution. Automation Anywhere, Inc. is the leader in intelligent automation that puts artificial intelligence to work across every aspect of an organization.. Taking advantage of its outstanding performance and momentum across global regions, the company reported that the dollar value of its large deals increased by more than 35 percent from last year to this year, enabling the company to achieve profitability ahead of schedule.
Taking advantage of its outstanding performance and momentum across global regions, the company reported that the dollar value of its large deals increased by more than 35 percent from last year to this year, enabling the company to achieve profitability ahead of schedule.
According to Mihir Shukla, CEO and Co-founder of Automation Anywhere, their third quarter results exceeded their goals across a wide range of key metrics, a powerful indication that customers are increasingly adopting their platform for business transformation, said Shukla in a statement.. "We are happy to report that GenAI-powered solutions and use cases accounted for 30 percent of the bookings, which confirms that customers are looking for the powerful combination of AI and automation technologies to support them in solving their complex problems.". As a result of our solid revenue performance and disciplined cost control, we were able to reinvest in growth in the coming year. Achieving an enduring 'Rule of 40' company is one of our goals, and our financial results point to the fact that we are heading in the right direction.
Achieving an enduring 'Rule of 40' company is one of our goals, and our financial results point to the fact that we are heading in the right direction.
Highlights of the business for the year
The adoption of GenAI is primarily driven by organizations' focus on improving productivity, which is a major driving force behind the rapid and accelerating investment in this technology, according to Maureen Fleming, IDC Research Vice President for AI and Automation. In order to deliver advanced capabilities that improve efficiency and productivity in organizations – and to grow for those who provide these converged services — organizations must embrace the convergence of cloud, automation, and GenAI to deliver such advanced capabilities.  
We are in a once-in-a-generation opportunity to reimagine every aspect of a company's business operations by leveraging automated and generative AI across all departments and functions. Among the best ways to safely and securely deploy artificial intelligence in organizations is by using intelligent automation solutions," Shukla explained, and he added that smart automation solutions could be used to achieve significant ROI quickly.
Highlights of the Third Quarter Announcements
There is no financial information available about Automation Anywhere's third quarter ended October 31, 2023. As a private company, Automation Anywhere does not disclose detailed financial information about its business.
It is Automation Anywhere that is leading the way in intelligent automation solutions that put artificial intelligence to work across every aspect of an organization.. There is an Automation Success Platform from the company that is powered by specialized AI, generative AI, and offers process discovery, robotic process automation, end-to-end process orchestration, document processing, and analytics, all with a security and governance-first approach.. With Automation Anywhere, organizations around the world can unleash productivity gains, drive innovation, improve customer service, and accelerate their business growth at the same time.. It is guided by its vision to fuel the future of work by unleashing the potential of workers through the use of intelligent automation in the workplace. You can find out more at the following website:.Automation anytime, anywhere.Visit http://www.com/
Visit http://www.com/
In the United States and other countries, Automation Anywhere, Inc. is a registered trademark/service mark of Automation Anywhere, Inc.
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