o9 Reports 36% Annual Recurring Revenue Growth
o9 reported that its annual recurring revenue (ARR) in Q1’24 grew 36% year-over-year. o9 also signed a multitude of new clients in diverse industries and solidified its relationship with existing clients by extending the scope of projects and adding more value.
During the quarter, o9 successfully implemented its AI-powered Digital Brain platform at multiple global clients across a wide range of industry sectors, including automotive, process manufacturing, telecommunications, fashion, retail, and industrial wood processing, to help them optimize their planning and decision-making capabilities. o9 also announced substantial advancements to its Digital Brain platform by incorporating a rich set of Generative AI (GenAI) powered capabilities into its core Enterprise Knowledge Graph (EKG) models.
o9 continued to grow its global headcount to nearly 2,800 in Q1’24. The Company expanded its global footprint by opening new offices in Shanghai, and expanding its presence in Bangalore, India.
During the quarter, o9 participated in the 54th annual Davos World Economic Forum 2024 in Davos, Switzerland, where it hosted an exclusive executive panel. The panel facilitated discussions on pivotal issues facing the global supply chains in the post-COVID-19 era, emphasizing the imperative of digitalization in mitigating challenges such as component shortages. Moreover, o9 joined the World Economic Forum’s Innovator Communities, which unites private companies valued at more than $1 billion.
In March, the Company successfully organized its annual client event, aim10x digital 2024, to transform supply chain and commercial planning. With over 10,000 registrations, supply chain, procurement, revenue management, IT, and sustainability professionals tuned in to learn best practices and insights from leaders and executives driving growth and innovation. In 2024, o9 will host 12 aim10x in-person events globally, providing excellent networking and learning opportunities. Register here to join an aim10x On Tour event in a city near you.
Chakri Gottemukkala, Co-founder and CEO of o9, said, “o9 is committed to delivering unparalleled value to our customers by transforming their business planning and decision-making capabilities. Our unwavering dedication to customer success drives continuous innovation and enhances our future-proof platform, enabling our clients to achieve their strategic objectives and drive sustainable growth. This quarter’s success highlights the tangible value of the o9 platform, underscoring our mission to provide the world’s most value-generating enterprise planning platform.”
