Cloud and SaaS-based automation has helped public-sector specialist London-listed Blue Prism report a first half 70% increase in revenues to £68.5m. It says it saw numerous enterprise customers including the UK's National Health Service and Utilita, all moving to a cloud or Software-as-a-Service 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, it says.
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 public SaaS companies helping drive £11.6m in monthly recurring revenues while maintaining a 98% gross revenue retention rate from existing customers.
“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.”
"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."
Business continuity and working remotely has become a top IT priority in recent months. Blue Prism's COVID-19 Response Program, launched in mid-March, the program encompasses over 70 projects across multiple industries and has donated hundreds of Digital Workers (software licenses) and thousands of service hours, helping alleviate the disruption caused by COVID-19.
