UiPath Crashed Nearly 20% in Premarket Trading After It Swung to a Q2 Non-GAAP Loss

Tiger Newspress2022-09-07

UiPath crashed nearly 20% in premarket trading after it swung to a Q2 non-GAAP loss.

Revenue for the quarter ended July 31 was $242.2 million, up from $195.5 million a year earlier. Analysts surveyed by Capital IQ projected $230.1 million.

For Q3, UiPath expects revenue in the range of $243 million to $245 million. For the full-year fiscal 2023, the company projects revenue in the range of $1.00 billion to $1.01 billion. Analysts are projecting Q3 revenue of $269.5 million and FY 2023 revenue of $1.09 billion.

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Newbull
2022-09-07
Newbull
Another disappointing growth tech stocks ! It will take some years b4 mass RPA adoption though the benefits are obvious!

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