LOGO
LOGO

Corporate News

UiPath Rises In Pre-market On Upbeat Quarterly Results, Outlook

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Shares of UiPath Inc. (PATH) are rising more than 5 percent in pre-market on Thursday at $25.88 after reporting upbeat fourth-quarter results, above the Street expectations. The company's full-year revenue outlook also came in above the consensus estimate.

The robotic process automation software developer posted its first ever GAAP profit as a public company.

UiPath posted a profit of $33.92 million or $0.06 per share for the fourth quarter, compared with a loss of $27.69 million or $0.05 per share in the same quarter a year ago.

Excluding one-time items, earnings were $128.51 million or $0.22 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.16 per share.

Revenue for the quarter increased 31 percent year-over-year to $405.25 million. The consensus estimate was for $383.83 million.

Annual Recurring Revenue (ARR) of $1.464 billion increased 22 percent year-over-year.

For the full year, UiPath now expects revenue in the range of $1.555 billion to $1.560 billion. Analysts are looking for $1.53 billion.

UiPath shares had closed at $24.43, down 0.85 percent on Wednesday. The stock has been trading in the range of $12.38 - $27.87 in the last 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.

RELATED NEWS