Revenue of $335 million increases 16 percent year-over-year
ARR of $1.508 billion increases 21 percent year-over-year
Cash flow from operations reaches $100 million and non-GAAP adjusted free.
Automation software company UiPath (NYSE:PATH) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 15.7% year on year to $335.1 million. On the other hand, next quarter's revenue guidance of $302.5 million was less impressive, coming in 11.6% below analysts' estimates. It made a non-GAAP profit of $0.13 per share, improving from its profit of $0.11 per share in the same quarter last year.
UiPath reported quarterly earnings of 13 cents per share which beat the analyst consensus estimate of 12 cents by 8.33%. Quarterly sales came in at $335 million which beat the analyst consensus estimate of $333.04 million and represents a 15.68% increase over sales of $289.59 million from the same period last year.