Automation Anywhere
September 11, 2024
Daily Unicorn News - September 11, 2024
Automation Anywhere surpasses its second-quarter targets, driven by the launch of autonomous AI agents and significant customer wins. The company reports its fourth consecutive quarter of non-GAAP operating income, highlighting the growing impact of AI-powered automation solutions.
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) Introduction(
) Daily Unicorn News from Automation AnywhereAutomation Anywhere has reported strong performance for the second quarter of 2024, surpassing its goals and achieving its fourth consecutive quarter of non-GAAP operating income. The company's success is largely attributed to the launch of its autonomous AI agents and early customer wins, with over 70 percent of new and upsell bookings coming from AI-powered automation solutions. Key performance highlights include a 70 percent year-on-year increase in large deals exceeding $200,000, growth in million-dollar customers, and a 12 percent increase in Customer Net Promoter Score. The company has also maintained high license utilization rates among large enterprise customers. Additionally, Automation Anywhere has been recognized by Gartner as a Leader in Automation for the sixth consecutive year and has expanded its partnership with Microsoft. CEO Mihir Shukla emphasized the strategic shift towards AI-powered automation, which has significantly improved efficiency and business impact. The company also launched its AI + Automation Enterprise System, featuring second-generation GenAI Process Models and new autonomous AI Agents. The appointment of Jeff Tworek as Chief Sales Officer is a notable addition to their leadership team, positioning the company for continued growth.
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