Agentic AI success helps UiPath swing to a profit, but investors weren’t impressed
Business automation software company UiPath Inc. delivered mixed results in its latest quarter, posting a solid revenue beat but falling short on earnings. However, it did at least manage to return to profitability.
The company reported first quarter earnings before certain costs such as stock compensation of 15 cents per share, falling just shy of Wall Street’s 16-cent-per-share target. On the other hand, its revenue climbed 17% from a year earlier to $418.4 million, easily beating the $397.5 million consensus estimate. With greater revenue, UiPath was able to engineer a swing back into the black. It reported net income for the quarter of $22.5 million, reversing from a loss of $22.6 million in the same period one year ago.
Founder and Chief Executive Daniel Dines (pictured) told analysts he was pleased with the company’s strong start to the new fiscal year, and was especially encouraged to see its annual recurring revenue grow at a 12% clip to reach $1.901 billion.
“One year into general availability, our agentic products are moving from pilot to production with customers standardizing on UiPath as the orchestration and automation execution layer for their enterprise AI transformation,” Dines said. “The launch of UiPath for Coding Agents marks the next step in that journey, accelerating time to value, and driving the deeper platform adoption that reinforces our position as the long-term business orchestration and automation platform for enterprise AI.”
