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UiPath Climbs On Q4 Results

UiPath, Inc. (PATH) shares are gaining more than 14 percent on Thursday morning trade after the company reported net loss for the first quarter, narrower than last year. The earnings were supported by a surge in revenues.

Net loss for the quarter was $122.56 million or $0.23 per share compared to $239.66 million or $1.11 per share last year. The company posted quarterly revenues of $245.07 million, up from $186.22 million in the prior year.

Currently, shares are at $19.31, up 14.71 percent from the previous close of $16.83 on a volume of 7,647,066. For the 52-week period, the shares have traded in a range of $13.66-$79.99 on average volume of 7,969,293.

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