Blue Prism posts 70% H1 revenue hike

Cloud and SaaS-based automation has helped public sector specialist 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 organisations 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.

"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.

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