On May 29, 2024, UiPath, Inc., a leading enterprise automation and AI software company, reported its financial results for the first quarter of fiscal year 2025. The company announced a 16 percent year-over-year increase in revenue to $335 million and a 21 percent increase in Annual Recurring Revenue (ARR) to $1.508 billion. UiPath also reported a net new ARR of $44 million and a dollar-based net retention rate of 118 percent. Non-GAAP operating income stood at $50 million, while GAAP operating loss was $(49) million. The company's cash flow from operations reached $100 million, with non-GAAP adjusted free cash flow at $101 million. As of April 30, 2024, UiPath had cash, cash equivalents, and marketable securities totaling $1.9 billion. In leadership changes, UiPath announced the resignation of Rob Enslin as...Show More

On May 29, 2024, UiPath, Inc., a leading enterprise automation and AI software company, reported its financial results for the first quarter of fiscal year 2025. The company announced a 16 percent year-over-year increase in revenue to $335 million and a 21 percent increase in Annual Recurring Revenue (ARR) to $1.508 billion. UiPath also reported a net new ARR of $44 million and a dollar-based net retention rate of 118 percent. Non-GAAP operating income stood at $50 million, while GAAP operating loss was $(49) million. The company's cash flow from operations reached $100 million, with non-GAAP adjusted free cash flow at $101 million. As of April 30, 2024, UiPath had cash, cash equivalents, and marketable securities totaling $1.9 billion. In leadership changes, UiPath announced the resignation of Rob Enslin as CEO and board member effective June 1, 2024, with founder Daniel Dines set to reassume the CEO role. The company provided updated guidance for Q2 and the full fiscal year 2025, taking into account increased deal scrutiny, lengthening sales cycles, the current macroeconomic environment, and the leadership transition. For Q2, UiPath expects revenue between $300 million to $305 million and ARR between $1.543 billion to $1.548 billion as of July 31, 2024. The full-year guidance anticipates revenue between $1.405 billion to $1.410 billion and ARR between $1.660 billion to $1.665 billion as of January 31, 2025, with non-GAAP operating income of approximately $145 million. Additionally, UiPath highlighted recent business achievements, including deepening its partnership with Microsoft, unveiling new AI features at its AI Summit, and achieving FedRAMP authorization for its Automation Cloud™ Public Sector.