According to the intelligent automation solutions provider, the record fourth quarter result exceeded its forecast and goals and was boosted by its generative AI-powered automation solutions, large enterprise customer deals and robust sales worldwide.
Automation Anywhere, an intelligent automation solutions provider, announced March 11 that it has achieved record fourth quarter performance. Automation Anywhere reported that fourth quarter results exceeded its forecasts and targets, with 50% growth compared to the third quarter and a 14% year-on-year increase in large deals.
Mihir Shukla, CEO and Co-Founder of Automation Anywhere, commented: “Our fourth quarter and full year 2024 results illustrate our ongoing ability to deliver value to our customers. 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.” Mihir Shukla added: “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. 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.”
The fourth quarter and fiscal year 2024 ended on January 31, 2024. As a private company, Automation Anywhere does not disclose detailed financial information.
Last September, Automation Anywhere introduced the expansion of its Automation Success Platform, which also enabled the use of generative AI to understand, extract and summarize data faster.
Headquartered in San Jose, California, Automation Anywhere provides intelligent automation solutions that put AI to work across every aspect of an organization. The company’s Automation Success Platform is infused with generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing, and analytics.
You can find the full press release here.
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