==UiPath (PATH) reported earnings on Wed 6 Sep 23 (a/h)

 

UiPath beats by $0.05, beats on revs; guides Q3 revs below consensus; guides FY24 revs above consensus; authorizes $500 mln for repurchases

• Reports Q2 (Jul) earnings of $0.09 per share, excluding non-recurring items, $0.05 better than the FactSet Consensus of $0.04; revenues rose 18.6% year/year to $287.31 mln vs the $281.48 mln FactSet Consensus.
  • ARR of $1.308 billion increased 25 percent year-over-year.
  • Dollar based net retention rate of 121%.
• Co issues downside guidance for Q3, sees Q3 revs of $313-318 mln vs. $318.45 mln FactSet Consensus.
• Co issues upside guidance for FY24, sees FY24 revs of $1.273-1.278 bln, up from $1.267-1.272 bln, vs. $1.27 bln FactSet Consensus.
  • Expects ARR of $1.432-1.437 bln.
• Co also today announced that its Board of Directors has authorized the Company to repurchase up to an aggregate of $500 million of its Class A common stock