By Christopher Kuo

UiPath swung to a profit in the fiscal first quarter amid growing demand for its automation tools.

The software platform on Thursday posted a profit of $22.5 million, or 4 cents a share, compared with a loss of $22.6 million, or 4 cents a share, in the year-ago quarter.

The company saw rising demand for its artificial intelligence agents, Chief Financial Officer Ashim Gupta said in an interview. The company has historically focused on robotic automation that follows rigid, pre-determined rules -- a type of workflow automation that still makes up an important part of the company's business.

But in recent years, the rise of artificial intelligence large language models such as OpenAI's ChatGpt or Anthropic's Claude has prompted UiPath to field AI agents that can reason, adapt and act autonomously without constant human supervision. UiPath's investment in these services is part of a bet that the proliferation of AI will benefit the company rather than render it obsolete.

"Our fastest-growing area is agentic and AI-based automation," Gupta said. "Sixteen of our top 20 deals had AI and agentic as part of what they did."

For the first quarter, adjusted earnings per share were 15 cents, compared with analyst estimates of 16 cents a share, according to FactSet.

Revenue climbed 17% to $418.4 million. Analysts expected revenue of $397.5 million. In May, the company launched UiPath for Coding Agents, a tool that allows customers to use various coding agents to develop workflow automations on UiPath's platform.

For the second quarter in fiscal 2027, the company expects revenue of $395 million to $400 million. Analysts expect $397 million in the second quarter.

For the full year, the company expects revenue of $1.78 billion. Analysts expect $1.76 billion.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 28, 2026 16:12 ET (20:12 GMT)

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