Over the first half of fiscal 2020, Blue Prism reported a 70% increase in revenues to £68.5 million and saw numerous enterprise customers including the UK’s National Health Service (NHS) and Utilita, all moving to a cloud or Software-as-a-Service (SaaS) intelligent automation delivery model. COVID-19 has intensified this strategic focus on transitioning to more dynamic and scalable operating models enabling organizations to respond at speed to unpredictable market shifts. These numbers also validate Blue Prism’s position as one of fastest revenue growth companies in the large UK public software sector while being one of the most successful technology exports from the UK.
Blue Prism’s Digital Workforce, software that aims to mimic human workers and can automate any business process, is helping more than 1,864 enterprise customers compete and reinvent themselves. Over the first six months of its financial year Blue Prism has seen its cloud and SaaS revenue grow at a rate of 57% faster than median US public SaaS companies helping drive £11.6 million in monthly recurring revenues while maintaining a 98% gross revenue retention rate from existing customers.
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The company’s investments in building out a first-class cloud eco-system and capabilities have placed it first in line to meet the global surge in market demand for cloud solutions. Out of the box access to AI capabilities make Blue Prism a natural first choice for enabling customers to extend their use of intelligent automation across more complex business processes.
“We’ve seen a shift towards cloud and SaaS delivery models over the past few months,” says Jason Kingdon, Chairman and CEO of Blue Prism. “Blue Prism was early in predicting this trend, investing in cloud reference architectures to optimize performance as well as adding SaaS capabilities to our portfolio for those clients who want to access a turnkey platform delivered as a service. This momentum will only increase as we continue our quest to simplify access to leading-edge AI and cognitive capabilities, democratize the use of digital workforces and underpin a digital transformation for all enterprises.”
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