DALLAS--(BUSINESS WIRE)--o9, a leading enterprise AI software platform provider for transforming planning and decision-making, today reported that its annual recurring revenue (ARR) in Q2 2024 grew 37% year-over-year. The company’s growth was driven by clients continuing to recognize o9’s best-in-class AI-powered integrated business planning platform as the Most Valuable Platform, or MVP of the Enterprise.
In Q2 2024, o9 successfully completed multiple go-lives across North America, EMEA, and APAC regions, implementing a variety of capabilities that include Demand Planning, Supply Chain Master Planning, Supplier Relationship Management, and Financial Planning for leading brands in industries such as retail, automotive, food services, and technology. These implementations, which included several clients launching multiple workflows simultaneously, highlight the flexibility of o9’s platform and the company’s ability to deliver a wide range of planning capabilities.
During Q2 2024, o9 added numerous new clients and expanded its offering at existing ones across a variety of industries, global geographies, and size of clients. Notable wins included one of the largest steel producers in South Korea, a specialty medical device manufacturer, a global consumer electronics manufacturer, and multiple consumer packaged goods companies.
o9 continued to grow its global headcount to more than 3,000 throughout the quarter. The company remains focused on innovation and developing its state-of-the-art Digital Brain platform. Recently, o9 announced enhancements to the Digital Brain platform by incorporating generative AI-powered Large Language Model (LLM) composite agents. These next-generation agents are designed to revolutionize how planners execute complex tasks, driving continued improvement in integrated business planning capabilities.
In Q2 2024, the company also hosted several and participated in industry events across the globe where its clients showcased the value created by implementing o9’s platform for digital transformation of their planning and operations.
Chakri Gottemukkala, Co-Founder and CEO of o9, said, “Our remarkable growth, despite macroeconomic challenges across the industry, reflects the trust our clients place in our innovative solutions and our ability to execute. It also validates our vision and mission to be the MVP of the Enterprise as clients derive significant value by transforming their planning and operations using o9’s AI-enabled platform. We are excited by the potential of genAI to significantly accelerate our clients’ value creation journey with o9."
Other notable highlights in Q2 2024 include:
- o9 Successfully Completes a Six-Month Deployment of Its AI-Powered Demand Forecasting and Operations Planning Solutions at TBInternational
- o9 Digitally Transforms Iveco Group’s Integrated Business Planning Processes
- o9 enhances its Digital Brain Platform with GenAI-powered Composite Agents to execute complex, cross-functional planning.
- o9 expanded its collaboration with Microsoft by integrating Microsoft Azure OpenAI Service applications with the o9 Digital Brain to improve the platform’s AI-powered planning capabilities.
- o9 won the 2024 Google Cloud Partner of the Year Award for Technology: Supply Chain and Logistics
- o9 was included in the 12th-annual Citizens JMP’s Hot 100 List.
- o9’s CFO, Anand Govind, won the D CEO 2024 Financial Executive Awards in the Large Company category
- o9 successfully completed the fourth edition of o9 Walks 2024 with 3900 participants. o9 Walks 2024 has amassed 605 million steps, resulting in the planting of 12,435 trees in Brazil.
- o9 successfully organized and hosted aim10x On Tour events where 400+ attendees gathered in Hong Kong, Bangkok, Munich, and Chicago to discuss the latest trends in supply chain and digital transformation.
- In H2 2024, o9 will host eight more aim10x On Tour events globally. Register here to join an aim10x On Tour event in a city near you.
About o9
o9 is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. o9 brings together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces, and cloud-based delivery—into one platform. For more information, please visit www.o9solutions.com.
