Greater than 65 percent of new and upsell bookings were driven by AI-powered automation customers SAN JOSE, Calif., June 4, 2024 /CNW/ -- Automation Anywhere, a leader in AI-powered automation solutions, announced strong first quarter performance. Generative AI-powered automation deals along with hyperscaler partnerships continue to fuel the company's momentum. For the third quarter in a row, the company continues to demonstrate profitability through double-digit growth and improved margins. Automation Anywhere's GenAI solution offers a unified platform with unmatched scalability and flexibility, which was validated through multiple competitive displacements in the first quarter of the fiscal year. "Our strategy to focus on AI and attract large enterprise customers continues to deliver growth and momentum for us," said Mihir Shukla, founder and CEO, Automation Anywhere. "We continue to expand on large multi-year deals over a million dollars, demonstrating that our AI-powered automation platform is motivating customers to adopt our solution at scale to help transform their business. Our focus remains to continue to accelerate adoption of our AI-powered automation platform, support customers and partners exceptionally well, and accelerate growth through meticulous execution of our strategy." Automation Anywhere's unique GenAI process automation model and AI solutions introduced over the past year are enabling customers to advance workflow transformations and provide quicker tangible results. Previously, an organization would spend months understanding processes to automate, but today it is able to feed significant amounts of unstructured data into Automation Anywhere's GenAI process automation model, allowing it to learn where to optimize workflows quickly, ...