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Technology

SoftBank-backed US software company on track for first profit

Automation Anywhere CEO eyes Asian market as COVID forces digital shift

Automation Anywhere CEO Mihir Shukla said “the opportunity in Japan is greater for us, because of the presence of so much paper.” (Nikkei montage/source photos by Automation Anywhere)

TOKYO -- SoftBank-backed U.S. software company Automation Anywhere is on track to reach profitability for the first time, its CEO said, as the COVID-19 pandemic boosts demand for process automation.

"We will likely reach profitability, or near profitability, by the end of this year," Automation Anywhere co-founder and CEO Mihir Shukla said in an interview with Nikkei Asia. If the company generates a profit for the year ending January 2021, it will be its first.

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