UiPath tumbled over 16% in morning trading on soft guidance.
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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