The robotic-process automation software company revealed its first earnings report since it became a publicly traded company this April
For the fiscal first quarter 2022 ended April 30, UiPath announced revenue of $186.2 million, up 65% from a year earlier and ahead of the $168.6 million forecasted. On a non-Generally Accepted Accounting Principles (GAAP) basis, the company reported an EPS of 2 cents, surpassing the forecast for a loss of 5 cents per share. However, under GAAP, UiPath lost $1.11 per share.
UiPath added that it now has more than 8,500 customers, with 104 generating over $1 million and 1,105 over $100,000 per year.
For the fiscal second quarter, the company expects revenues between $180 million - $185 million as demand for its products increases.
UiPath went public on April 21 at $65.50 a share and closed the Tuesday, June 8, trading session 2.87% higher at $76.
Find out more about the company’s IPO here.
Sources: barrons.com, finance.yahoo.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.