Close Menu
    Facebook X (Twitter) Instagram
    TIMES24H
    • Hot!
      1. Vietnam
      2. Asia
      3. Video
      Featured
      TechTimes Editors’ Choice 2024: 9Fit eBiz Mag Stand NFC Wallet – The Most Unique Mobile Accessory

      TechTimes Editors’ Choice 2024: 9Fit eBiz Mag Stand NFC Wallet – The Most Unique Mobile Accessory

      By Mike HarrisonJanuary 8, 20250
      Recent
      TechTimes Editors’ Choice 2024: 9Fit eBiz Mag Stand NFC Wallet – The Most Unique Mobile Accessory

      TechTimes Editors’ Choice 2024: 9Fit eBiz Mag Stand NFC Wallet – The Most Unique Mobile Accessory

      January 8, 2025

      BCP Vietnam and Vitalify Asia Launch the First A.I-Powered Business Matching Platform

      December 20, 2024
      9Fit and DTR Launch Vietnam’s First Smart Ring: A Leap Towards the Future of Wearable Technology

      9Fit and DTR Launch Vietnam’s First Smart Ring: A Leap Towards the Future of Wearable Technology

      December 12, 2024
    • World
      • PR Newswire
      • Media Outreach
      • GLOBENEWSWIRE
    • Business

      BCP Vietnam and Vitalify Asia Launch the First A.I-Powered Business Matching Platform

      December 20, 2024

      POPS Reaches Huge Milestone with 10,000 Enrolled Students

      December 16, 2021

      UrBox raises $2.2 million in Pre-Series A

      December 16, 2021

      One Mount garners two prestigious awards as it celebrates two years of remarkable growth

      October 11, 2021

      IBM and Mercedes develop “Stolen Vehicle Help” for Mercedes me service

      October 5, 2021
    • Life
      1. Lifestyle
      2. Recipes
      3. Fashion
      4. View All
      PSB Academy launches S$2.1m Beyond60 initiative to fully fund education scholarships for 30 recipients selected through the Singapore Centre for Social Enterprise, raiSE, United Women Singapore, and Care Corner Singapore

      PSB Academy launches S$2.1m Beyond60 initiative to fully fund education scholarships for 30 recipients selected through the Singapore Centre for Social Enterprise, raiSE, United Women Singapore, and Care Corner Singapore

      May 15, 2025
      Main Roads Western Australia tests connected vehicle technology to increase road safety

      Main Roads Western Australia tests connected vehicle technology to increase road safety

      May 14, 2025
      CGTN: Peng Liyuan and Brazil's first lady visit NCPA in Beijing, vow to deepen cultural exchange

      CGTN: Peng Liyuan and Brazil’s first lady visit NCPA in Beijing, vow to deepen cultural exchange

      May 14, 2025
      Intermittent Hypoxia-Hyperoxia Therapy (IHHT) Launched: Breakthrough Breathing Therapy for Heart, Brain, and Healthy Aging

      Intermittent Hypoxia-Hyperoxia Therapy (IHHT) Launched: Breakthrough Breathing Therapy for Heart, Brain, and Healthy Aging

      May 14, 2025

      Cooking tips for a smaller Thanksgiving celebration

      November 18, 2020

      Hanoi: A capital, and a kingdom of egg coffee shops

      November 16, 2020

      4 must-try recipes when you travel to Vietnam

      November 7, 2020

      Cutting-Edge Technology for Top Dentists

      December 24, 2021

      H&M faces boycott in Vietnam over “problematic map”

      April 7, 2021
      Pierre Cardin

      Ground-breaking French designer Pierre Cardin dies aged 98

      December 30, 2020
      JESSICA SIMPSON

      #HealthGoals: Jessica Simpson shows off 100 lbs weight loss in Christmas pajamas

      December 27, 2020

      Plane captain dies during Miami-Chile flight

      August 17, 2023

      French paintings of Vietnamese life a century ago exhibited in HCMC

      August 17, 2023

      Judge says accused TV contest not rigged

      August 17, 2023

      I don’t know how to tell my Christian parents-in-law I want a divorce

      August 17, 2023
    • Sport
    • Tech
      1. Gadgets
      2. View All
      9Fit and DTR Launch Vietnam’s First Smart Ring: A Leap Towards the Future of Wearable Technology

      9Fit and DTR Launch Vietnam’s First Smart Ring: A Leap Towards the Future of Wearable Technology

      December 12, 2024

      “Stupid windman” PC assembly experience based on Newegg ChatGPT

      March 29, 2023

      The value of the industrial cloud as an example of “the power of ecosystem, the power of expertise”

      March 29, 2023

      Machbase Releases Open Source Structured Time Series Database “Macbase Neo”

      March 28, 2023
      9Fit and DTR Launch Vietnam’s First Smart Ring: A Leap Towards the Future of Wearable Technology

      9Fit and DTR Launch Vietnam’s First Smart Ring: A Leap Towards the Future of Wearable Technology

      December 12, 2024

      “Stupid windman” PC assembly experience based on Newegg ChatGPT

      March 29, 2023

      The value of the industrial cloud as an example of “the power of ecosystem, the power of expertise”

      March 29, 2023

      Machbase Releases Open Source Structured Time Series Database “Macbase Neo”

      March 28, 2023
    TIMES24H
    Home»PR Newswire»Automation Anywhere Reports Strong Q3 FY24 Performance Driven by Power of Generative AI-Driven Transactions, Large Enterprise Customers and Global Momentum
    PR Newswire

    Automation Anywhere Reports Strong Q3 FY24 Performance Driven by Power of Generative AI-Driven Transactions, Large Enterprise Customers and Global Momentum

    Miley SelenaBy Miley SelenaNovember 20, 2023No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Profitability achieved one quarter ahead of schedule and expects strong fourth quarter Quarter

    SAN JOSE, California., November 21, 2023 /PRNewswire/ — Automation everywhere, the intelligent automation leader that brings AI to every aspect of an organization, today announced strong third quarter results, powered by new AI-enhanced generative automation products. ‘AI, agreements with large companies and execution of global sales. With its strong performance and momentum across all global regions, the company reported that the dollar value of large transactions grew more than 35% year-over-year, helping the company reach profitability sooner than expected.

    Logo Automation Everywhere

    “Third quarter results exceeded our targets across all of our key metrics, with large deal growth a strong signal that clients are increasingly adopting our platform for their business transformation,” said Mihir Shukla, CEO and co-founder of Automation Anywhere. “Our GenAI-powered solutions and use cases contributed to 30% of bookings, confirming that customers are looking for a powerful combination of AI and automation technologies to solve their complex challenges. The combination of strong revenue performance and disciplined cost control has allowed us to reinvest in growth. Building a sustainable business according to the “Rule of 40” is one of our goals and our financial results represent a tangible signal that we are on the right track.

    Activity Highlights

    • The big deals are over $100,000 in annualized value contributed more than 50 percent of the quarter’s bookings.
    • The strong performance of the Corporate business was driven by strong bookings in North America, APJ, India And Middle East Regions.
    • More than 50% of customers have downloaded the company’s Generative AI automation packages and can securely develop next-generation automation solutions with enterprise-grade AI models from industry leaders, including Anthropic , AWS, Google Vertex AI, Microsoft Azure OpenAI Service and OpenAI ChatGPT Enterprise.
    • A broad customer base, high customer loyalty and continued product leadership have led to improved cash flow and a strong balance sheet.

    “Improving productivity is a major area of ​​focus for organizations adopting GenAI and a major driver of rapid and accelerated investments in this technology,” according to Maureen Fleming, vice president of AI and automation research at IDC. “The convergence of cloud, automation and GenAI to deliver advanced capabilities focused on efficiency and productivity will drive the performance of organizations and the growth of providers of these converged services.

    “We have a unique opportunity to reinvent every aspect of a company’s business operations, where all departments and functions will benefit from automation and generative AI. We see clear signals that intelligent automation solutions are one of the best solutions. best ways to safely deploy AI in organizations and quickly achieve significant ROI,” Shukla continued.

    Third Quarter Announcement Highlights

    • Automation Anywhere announced the largest expansion of its AI-driven generative automation platform to date, with a new layer of responsible AI at the heart of its platform. This foundational layer includes the first and only custom generative AI automation models built on leading extensive language models and trained with anonymized metadata from millions of automations. These models give businesses the ability to automatically develop and execute complex processes and workflows, first by understanding work demand, converting natural language into steps, and dynamically creating new workflows. Many business processes and workflows can be automated, creating a new system of work that fundamentally transforms organizations’ operating models to help them better manage business conditions and disruption.
    • THE Automation Success Platform also includes new high-trust AI tools and security and governance capabilities that are critical to deploying AI-driven automations at scale with access controls, data privacy, and monitoring real-time for secure and flexible enterprise-wide deployments.
    • The company also announced four AI-powered generative automation products including Autopilot, which enables the rapid development of end-to-end automations using generative AI. New products enable organizations to automate more complex processes and end-to-end business workflows and accelerate their results and ROI.
    • Gartner named Automation Anywhere a leader for the fifth consecutive year in 2023 Magic Quadrant for Automation. Automation Anywhere has been recognized as a leader for its comprehensive vision and ability to execute.

    Automation Anywhere Third Quarter Ends October 31, 2023. As a private company, Automation Anywhere does not disclose detailed financial information.

    About Automation Everywhere

    Automation Anywhere is the leader in intelligent automation solutions that bring AI to every aspect of an organization. The company’s Automation Success platform is powered by specialized AI and generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing and analytics, with approach focused on security and governance. Automation Anywhere enables organizations around the world to drive productivity gains, drive innovation, improve customer service and accelerate business growth. The company is guided by its vision: to power the future of work by unlocking human potential through intelligent automation. Learn more about www.automationanywhere.com.

    Automation Anywhere is a registered trademark/service mark of Automation Anywhere, Inc. United States and other countries.

    SOURCE Automation Anywhere, Inc.





    Source: PR Newswire

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    XCMG to welcome the 7th International Customer Festival in 2025: a great celebration of innovation, sustainability and intercultural collaboration

    May 15, 2025

    A change of game for QSR: Jollibee enters the games with Octopus and Whale

    May 14, 2025

    Admitad launches OEM advertising division to stimulate mobile growth thanks to the partnerships of the manufacturer of devices

    May 14, 2025
    Leave A Reply Cancel Reply

    Latest News

    XCMG to welcome the 7th International Customer Festival in 2025: a great celebration of innovation, sustainability and intercultural collaboration

    May 15, 2025
    PSB Academy launches S$2.1m Beyond60 initiative to fully fund education scholarships for 30 recipients selected through the Singapore Centre for Social Enterprise, raiSE, United Women Singapore, and Care Corner Singapore

    PSB Academy launches S$2.1m Beyond60 initiative to fully fund education scholarships for 30 recipients selected through the Singapore Centre for Social Enterprise, raiSE, United Women Singapore, and Care Corner Singapore

    May 15, 2025

    A change of game for QSR: Jollibee enters the games with Octopus and Whale

    May 14, 2025
    Main Roads Western Australia tests connected vehicle technology to increase road safety

    Main Roads Western Australia tests connected vehicle technology to increase road safety

    May 14, 2025
    DMCA.com Protection Status
    Facebook X (Twitter) Instagram Pinterest
    © 2025 TIMES24H. Regn. No. 0316487598. All rights reserved

    Type above and press Enter to search. Press Esc to cancel.