Great Learning Achieves 23% Revenue Growth to USD 118 Million in Financial Year 2024

Great Learning, an EdTech firm, announced a 23% increase in revenue for the financial year 2024, reaching USD 118 million, approximately Rs 992 crore. This growth is attributed to the rising demand for upskilling in artificial intelligence and business expansion in the US and Europe. The company reported positive EBITDA and net profit for the fiscal year.

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International Expansion and Strategic Collaborations

The company's success in FY24 is linked to its position as a global leader in AI upskilling, with a strong emphasis on profitability. Great Learning has experienced significant growth in international markets, particularly in North America and Europe. Founded 11 years ago, it offers professional certificate courses in digital fields like data science and AI through partnerships with top universities worldwide.

Since last year, Great Learning has expanded its collaborations, partnering with Microsoft and Amazon for industry certifications. It has also teamed up with prestigious institutions such as Johns Hopkins, Duke University, and IIT Bombay for degree and professional certificate programmes. Currently, the company provides over 1,200 programmes, both paid and free, serving more than 11 million learners across 170 countries.

Ownership Changes and Financial Stability

In October 2023, financial lenders took control of Byjus' ownership in Great Learning to ensure its protection. Despite challenging macroeconomic conditions, Great Learning has maintained a strong performance. "We are happy to have delivered strong performance under tough macroeconomic conditions," stated Mohan Lakhamraju, Founder and CEO of Great Learning.

The acquisition of Great Learning by Byjus occurred in 2021. The company's continued focus on AI upskilling has solidified its reputation as a leading provider in this field. As it expands globally, Great Learning remains committed to offering high-quality educational programmes that meet the evolving needs of learners worldwide.