UiPath Sees Q2 Revenue $300M-$305M Vs $342.33M Est.; FY25 Revenue $1.405B-$1.41B Vs $1.56B Est.
Portfolio Pulse from Benzinga Newsdesk
UiPath has revised its financial outlook for Q2 and FY25, projecting lower-than-expected revenues due to increased deal scrutiny and lengthening sales cycles. The company expects Q2 revenue between $300M-$305M and FY25 revenue between $1.405B-$1.41B, both below analyst estimates.
May 29, 2024 | 8:42 pm
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UiPath has revised its Q2 and FY25 revenue guidance below analyst estimates, citing increased deal scrutiny and longer sales cycles. This could lead to short-term negative sentiment among investors.
The revised revenue guidance is significantly below analyst estimates, which is likely to result in negative investor sentiment and a potential short-term decline in the stock price. The company's acknowledgment of increased deal scrutiny and longer sales cycles adds to the uncertainty.
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