UiPath Inc (NYSE: PATH) is a leader in robotic process automation (RPA) and business process automation (BPA) solutions. Their platform enables companies to use artificial intelligence (AI) powered software robots (bots) to automate repetitive and rule-based tasks that humans typically perform. This streamlines processes and workloads and improves efficiencies while enabling humans to focus on more complex tasks at hand
Capitalizing on 2 Secular Tailwinds
UiPath capitalizes on 2 secular tailwinds, automation and AI. This business services sector company
It is a clear benefactor in the AI trend like C3.ai Inc. (NYSE: AI). The company released a strong fourth-quarter 2023 earnings report, handily beating top and bottom line estimates only to have shares sell-off on mixed guidance. The reaction is similar to prior quarters, where shares sold off on lowered immediate guidance coupled with raised annual guidance.
Strong Q4 2023 Earnings
UiPath released its fiscal fourth-quarter 2024 EPS of 22 cents, beating consensus analyst estimates by 6 cents. Revenues surged 31.3% YoY to $405.25 million. Annual recurring revenue (ARR) rose 22% YoY to $1.464 billion. The company achieved its first quarterly GAAP profit since going public. Cash flow from operations and non-GAAP adjusted free cash flow was $146 million.
Comments