UiPath Shares Soared 14% amid Strong Report
2023.03.15 21:07
UiPath Shares Soared 14% amid Strong Report
By Kristina Sobol
Budrigannews.com – The UiPath Inc. After the company released its financial results, shares rose by more than 14%, with EPS of $0.15 beating the consensus estimate of $0.06. “Fourth quarter fiscal 2023 ARR grew 30 percent year-over-year while revenue outperformance and disciplined cost management resulted in a record fourth quarter non-GAAP operating margin and positive non-GAAP adjusted free cash flow,” stated Rob Enslin, co-CEO of UiPath. Revenue increased by 7% year-over-year to $308.5 million, exceeding the consensus estimate of $278.64 million.
In comparison to the consensus estimate of $269.14 million, the business anticipates revenue in the range of $270 to 272 million in Q2 2014. As of April 30, 2023, it is anticipated that ARR will be between $1.245 and $1.25 billion.
The company anticipates revenue of $1.253-1.258B for the entire year, exceeding the consensus estimate of $1.21B. As of January 31, 2024, ARR is anticipated to be $1.425-$1.43B.
