New Delhi: Great Learning, an EdTech firm, announced on Monday that it has achieved a 23 percent increase in revenue to USD 118 million (approximately Rs 992 crore) in the fiscal year 2024. The company reported an increase in growth due to the rising demand for artificial intelligence skills and business success in the US and Europe. The company stated that for the fiscal year, revenue amounted to USD 118 million, with positive EBITDA and net profit.
In 2021, Byju's acquired Great Learning. Its financial lenders took over ownership of Great Learning to protect it in October 2023, as stated. The company's impressive results in FY24 are a result of its growth as a top global AI upskilling provider, while also emphasizing profitability. "The statement indicated that Great Learning is still experiencing strong expansion in global markets, including North America and Europe. "Established 11 years ago, Great Learning provides professional certificate courses in fast-growing digital fields such as data science and artificial intelligence, in partnership with leading universities worldwide.
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Great Learning has been forming numerous new partnerships since last year, such as with Microsoft and Amazon for industry certifications, and with top global universities like Johns Hopkins, Duke University, and IIT Bombay for degree and professional certificate programs. Currently, Great Learning provides more than 1,200 programs (both paid and free) and boasts of having a presence in 170 countries with over 11 million learners. Mohan Lakhamraju, Founder and CEO of Great Learning, expressed his happiness about achieving strong results despite challenging macroeconomic conditions.
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