#USA #San Jose #AI Automation #Automation Anywhere #Agentic Process

Automation Anywhere's Remarkable Performance in Agentic Process Automation

Automation Anywhere has affirmed its status as a leader in the field of Agentic Process Automation, celebrating its fifth consecutive quarter of profitable and year-over-year growth. In a recent announcement, the company revealed noteworthy progress, including a significant increase in customer demand that resulted in a doubling of AI agent orders in the third quarter. This robust growth solidifies Automation Anywhere’s position as the number one provider in Agentic Process Automation.

Founded on innovation, Automation Anywhere was the first to introduce a market-ready solution and has pioneered industry-specific AI agents for clients across various sectors such as finance, healthcare, and manufacturing. This focus on specialization has given the company a competitive edge, promoting enhanced business efficiency, product innovation, and customer service.

Mihir Shukla, the CEO and co-founder of Automation Anywhere, commented on the transformative power of AI-driven enterprise agents, stating, "Generative AI started with simple chat interactions, but businesses are now uncovering its potential through enterprise agents that deliver impactful results and redefine IT investments toward AI-driven innovation." This reflects the company’s commitment to advancing automation technologies that empower businesses to achieve sustained growth and competitive advantages in an ever-evolving environment.

Highlights of the Recent Quarter

One of the most noteworthy achievements in the latest quarter includes a marked interest in the company’s services bolstered by collaboration with Amazon Q, enhancing dialog-oriented automation. Such partnerships pave the way for businesses to tackle operational bottlenecks, transforming workflows into secure and flexible processes while generating measurable results.

Here are some key highlights from the third quarter:

• - Demand led to a doubling of AI agent orders.
• - Sustained double-digit growth in customer acquisition, especially among clients with millions in Annual Recurring Revenue (ARR).
• - An impressive 80% success rate transitioning from Proof of Concept (POC) to global deployment of AI agents.
• - The company ended the quarter in strong financial health, with a solid cash reserve and increased free cash flow.

Additionally, Automation Anywhere has gained recognition from Gartner as an emerging market leader in AI knowledge management applications and generative AI development, underscoring its innovative technology portfolio. The growing adoption of Automation Anywhere's conversation automation solutions is propelling client organizations toward substantial operational improvements.

"We are excited that AWS and Automation Anywhere are delivering AI-driven services to automate enterprise processes, combining knowledge with LLM models to streamline complex workflows," mentioned Rahul Patet, Head of Automation at Alight, a premier cloud-based provider of integrated digital personal and business solutions. He emphasized the transformative potential of AI-based process automation in reshaping how businesses operate moving forward.

Strategic Moves and Future Outlook

In an effort to enhance client outcomes further, Automation Anywhere has launched Accelerator programs for AI agent solutions that are showing promising double-digit implementation figures in the market. The company has also formed a strategic alliance with PwC India aimed at aiding clients in realizing greater growth, productivity, and cost effectiveness in their enterprises.

Furthermore, Automation Anywhere was honored in Newsweek’s list of 200 Best Employers in America for 2024, recognizing its commitment to employee satisfaction and morale.

As Automation Anywhere continues to explore new opportunities and areas for growth, it remains focused on leveraging its AI-powered automation solutions to enhance productivity, drive innovation, and support client journeys towards digital transformation.

For more information on Automation Anywhere and its offerings, visit www.automationanywhere.com.