Intelligent automation technology provider Automation Anywhere announced that its Q4 results showed “continued profitability” and focused on its success in customer retention and closing large deals, though details were scant in its prepared statement.
As a private company, Automation Anywhere is not required to disclose financial performance, but it did report in November that it had achieved profitability for the first time in Q3. The company noted “50 percent growth from the third quarter” though it did not indicate what metric it was attributing that growth to. It said in the statement that large deals (defined as exceeding $100,000 in annualized value) had grown 14 percent in Q4 compared to a year earlier, but did not indicate how many deals that growth accounted for.
“Our fourth quarter and full year 2024 results illustrate our ongoing ability to deliver value to our customers,” said Mihir Shukla, CEO and co-founder of Automation Anywhere. “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.”