UiPath Reports Better-Than-Expected Q4 Results: Record Sales, First Profitable Quarter
Portfolio Pulse from Erica Kollmann
UiPath, Inc. (NYSE:PATH) reported Q4 earnings of 22 cents per share, surpassing the consensus estimate of 16 cents. Sales reached a record $405.253 million, beating estimates and marking a 31.34% year-over-year increase. This quarter marked UiPath's first as a GAAP profitable company. The company forecasts Q1 revenue between $330 million to $335 million, below the $347.851 million estimate, and FY 2025 revenue between $1.555 billion to $1.56 billion, above the $1.531 billion estimate.
March 13, 2024 | 8:25 pm
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UiPath reported higher-than-expected Q4 earnings and sales, marking its first profitable quarter. The company provided a mixed outlook, with Q1 revenue forecast below estimates but FY 2025 revenue above expectations.
The positive earnings report and the company's first profitable quarter are significant milestones that are likely to boost investor confidence in the short term. The after-hours stock price increase of 7.25% indicates immediate positive market reaction. However, the mixed revenue outlook, with a short-term forecast below estimates but a positive longer-term view, may introduce some volatility. Overall, the strong Q4 performance and strategic optimism for FY 2025 are expected to have a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100