The business attributed its growth to both the upskilling requirement for AI and commercial successes in the US and Europe.

The EdTech business Great Learning said on Monday that its fiscal year 2024, 23% revenue increase year over year to $118 million, or around Rs 992 crore. The company claims that the upskilling need for AI and commercial victories in the US and Europe are the reasons for its success.

A statement from the company stated that sales were $118 million and that net profit and EBITDA were positive for the fiscal year. Byju acquired Great Learning in 2021. The statement claims that in October 2023, Byju's financial lenders assumed ownership of Great Learning to protect and safeguard it.

Furthermore, the company's remarkable performance in FY24 growth may be attributed to its ascent to prominence as a leading global provider of AI upskilling while maintaining an unwavering emphasis on profitability. Great Learning continues to see robust growth in international markets, particularly those in North America and Europe. Great Learning was founded eleven years ago and offers professional certificate programs in rapidly developing digital sectors, including data science and artificial intelligence, in collaboration with top international universities.

Since last year, Great Learning has increased the scope of its collaborations to include professional certificate programs and degrees with prestigious worldwide universities including Johns Hopkins, Duke University, and IIT Bombay, as well as industry certifications with Microsoft and Amazon.

In addition to offering more than 1,200 paid and free programs, Great Learning claims to have over 11 million students across 170 countries.

"We are happy to have produced strong performance under challenging macroeconomic conditions," said Mohan Lakhamraju, Great Learning's founder and CEO.