o9 Reports 28% Year-Over-Year Growth in Q3 2024
o9, a leading enterprise AI software platform provider for transforming planning and decision-making, reported that its annual recurring revenue (ARR) in Q3 2024 grew 28% year-over-year.
The company’s growth in Q3’24 was driven by the addition of new clients and expansion of existing accounts. New clients and expanded accounts included a major beverage bottler, multiple manufacturers of food and beverage products, health and beauty products, high-tech goods, retail, and consumer household goods. The growth was achieved globally with significant contributions from the LatAm and APAC regions. o9 also completed 15 go-lives in the quarter across Demand Planning, Integrated Business Planning, and Supplier Relationship Management in industries such as retail, automotive OEM, telco, chemicals, and others. Year-to-date, o9 has completed more than 50 implementations globally together with its partners. By the end of Q3’24, the company’s global headcount surpassed 3,100 employees.
In Q3, o9 hosted three aim10x On Tour events in Taipei, Seoul, and Dallas, featuring more than 30 client speakers and record attendance. Clients from a range of industries, including high-tech, semiconductor manufacturing, consumer electronics, automotive, retail, industrial lighting and controls, and advanced materials, shared stories of their digital transformation journeys and value creation on the o9 platform. These aim10x events attracted more than 500 attendees, including clients, prospects, partners, and industry analysts, providing them with opportunities to learn from and network with their peers. In Q4 2024, o9 plans to host five additional aim10x On Tour events.
Chakri Gottemukkala, Co-Founder and CEO of o9, said, “Our continued growth throughout 2024 showcases our consistent commitment to serving our new and existing clients as they digitally transform their supply chain and business planning capabilities. With our AI-powered Digital Brain platform, we are helping to address the root causes of value leakage in their operations, which can amount to hundreds of millions of dollars annually that can be captured by optimizing their planning and decision-making capabilities. We look forward to continued growth throughout the rest of 2024 and beyond.”
