Stock Track | UiPath Soars 7% After Q3 Earnings Beat and Strong AI-Driven Growth Outlook
Stock Track
Dec 04
UiPath (PATH) surged 7% in post-market trading after reporting third-quarter earnings that exceeded analyst expectations, driven by strong demand for its AI and automation solutions.
The company posted revenue of $411 million, beating estimates of $393 million, while adjusted earnings per share of $0.16 topped the $0.15 consensus. UiPath also issued optimistic Q4 revenue guidance of $462 million to $467 million, aligning with market expectations.
CEO Daniel Dines highlighted accelerating AI and automation adoption, supported by strategic collaborations with Microsoft, OpenAI, and NVIDIA. The results underscore UiPath's leadership in the expanding enterprise automation market.
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