o9 Solutions Grows Annual Recurring Revenue by 51% in Q1 2023

o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today reported that its annual recurring revenue (ARR) added in Q1 2023 grew by 51% year-over-year. The growth during the quarter was attributed to new client additions and expansions at existing clients throughout the globe and across a variety of industries as companies increasingly realized the competitive advantage of adopting o9โ€™s AI-powered Digital Brain platform for a range of high-value planning use cases.

During the quarter, o9 also implemented numerous go-lives at well-known brands across a variety of sectors, including softlines, food and beverage, pharmaceutical, consumer electronics, and more. o9โ€™s clients, across a range of digital transformation scopes, benefited from significantly improved time to value by adopting its unique building-block approach to pre-packaged planning functionality and associated implementation workflows. o9 also benefited from enthusiastic adoption of its building-block approach by the system integrator partner ecosystem, adding further scale to digitizing clientโ€™s end-to-end planning and decision-making processes.

In late March 2023, o9 Solutions hosted its largest annual aim10x global virtual event. With 11,000-plus registrations, aim10x global is o9โ€™s premier online event where supply chain, procurement, revenue management, IT, and sustainability leaders come together to gain best practices, insights, and inspiration from more than 60 thought leaders, change-makers, and executives who are shaping the future.

โ€œOur results continue to reflect the outstanding value of our o9 Digital Brain integrated business planning platform. Our efforts to increase the efficiency of our delivery capabilities, driven by o9โ€™s unique building-block approach, have demonstrated tremendous value to our clients. o9โ€™s building-block approach to pre-package AI-driven planning functionality also drives significant sales efficiency evidenced by our strong year-over-year results and robust start to 2023,โ€ said Chakri Gottemukkala, Co-founder and CEO of o9 Solutions. โ€œWe expect that more and more enterprises will leverage solutions like o9โ€™s platform to enable more data-driven decision-making and digitally transform their large and complex global supply chains.โ€

Igor Rikalo, President and COO of o9 Solutions, said, โ€œThe first quarter shows a strong momentum into 2023, highlighting the effect of our impactful building-block approach and our ability to execute across different verticals and markets. Iโ€™m extremely proud of the entire o9 team, which always keeps our core client values and social impact in mind in all our activities.โ€

Other notable highlights achieved in Q1โ€™23 include:

About o9 Solutions, Inc.

o9 Solutions 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 o9โ€™s AI-powered digital solutions. Bringing together technology innovationsโ€”such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based deliveryโ€”into one platform. For more information, please visit www.o9solutions.com.

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