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UiPath, a robotic software company, reported a strong Q4 with revenue of $405.3 million, up 31% YoY, and achieved its first quarter of GAAP profitability. Analysts estimated $383.83 million in revenue and $0.16 in earnings per share. The company also announced $1.464 billion in ARR. The stock price surged after beating earnings estimates, with JPMorgan upgrading UiPath to overweight from neutral due to robust revenue growth.
.@UiPath delivers strong Q4, will launch large language model https://t.co/Ly0FrVlEhp UiPath reported better-than-expected fourth quarter results with revenue growth of 31% as its automation platform gains traction. @ldignan
Solid #earnings beat and strong revenue forecast sends @UiPath’s stock higher https://t.co/YAkNzRO0wh @SiliconANGLE @Mike_Wheatley “Its growth is powered by the demands of enterprises that are desperate for automation due to the lack of talent or...” - @holgermu @constellationr
$PATH JPMorgan upgrades UiPath to overweight from neutral JPMorgan said the robotic software company is entire a period of robust revenue. “We are upgrading UiPath shares to OW from Neutral as we anticipate the period of ARR [annual recurring revenue] growth decel transitioning…