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UiPath | 8-K: UiPath Reports Second Quarter Fiscal 2025 Financial Results

SEC ·  Sep 6 04:28

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
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 financial outlook for the third quarter of fiscal 2025 includes revenue in the range of $345 million to $350 million and an ARR between $1.600 billion to $1.605 billion. For the full fiscal year 2025, UiPath updated its guidance, expecting revenue between $1.420 billion to $1.425 billion and an ARR in the range of $1.665 billion to $1.670 billion, with non-GAAP operating income of approximately $170 million.

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