Summary by Futu AI
On September 5, 2024, UiPath, Inc., a leading enterprise automation and AI software company, reported its financial results for the fiscal second quarter of 2025. The company announced a 10 percent year-over-year increase in revenue to $316 million and a 19 percent increase in Annual Recurring Revenue (ARR) to $1.551 billion. UiPath also reported an increase in cash flow from operations to $46 million and non-GAAP adjusted free cash flow to $49 million. Additionally, UiPath's Board of Directors authorized an additional $500 million for the stock repurchase program. On the same day, UiPath announced the appointment of Sivaramakichenane Somasegar as a new independent director to its Board and the appointment of Ashim Gupta, the company's CFO, as Chief Operating Officer, effective September 5, 2024. The company's...Show More