UiPath Sees Q2 Revenue $279M-$284M Vs $283.93M Est.; FY24 Revenue $1.267B-$1.272B Vs $1.25B Est
Portfolio Pulse from Happy Mohamed
UiPath expects Q2 revenue between $279M-$284M and FY24 revenue between $1.267B-$1.272B, both higher than estimates. Q2 ARR is projected at $1.301B-$1.306B and FY24 ARR at $1.427B-$1.432B.
May 24, 2023 | 8:23 pm
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POSITIVE IMPACT
UiPath's Q2 and FY24 revenue projections exceed estimates, with Q2 ARR at $1.301B-$1.306B and FY24 ARR at $1.427B-$1.432B.
UiPath's higher-than-expected revenue projections for Q2 and FY24, as well as increased ARR, indicate strong financial performance and growth potential. This positive news is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100