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Jul 31, 2023
UiPath Q2 2024 Earnings Report
UiPath's Q2 2024 financial results were released, revealing a 19% increase in revenue and a 25% increase in ARR year-over-year.
Key Takeaways
UiPath reported a strong second quarter for fiscal year 2024, with revenue reaching $287.3 million, a 19% increase year-over-year. The company's ARR grew by 25% to $1.308 billion. UiPath also announced a $500 million stock repurchase program, signaling confidence in its future performance.
Revenue increased by 19% year-over-year, reaching $287.3 million.
ARR increased by 25% year-over-year, totaling $1.308 billion.
Net new ARR was $59.0 million.
The company announced a $500 million stock repurchase program.
UiPath
UiPath
UiPath Revenue by Segment
Revenue by Segment
Licenses Revenue
CapyFin.comSubscription Services Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
UiPath provided financial outlook for the third quarter and full year fiscal 2024.
Positive Outlook
- Revenue in the range of $313 million to $318 million for Q3 2024.
- ARR in the range of $1.359 billion to $1.364 billion as of October 31, 2023.
- Non-GAAP operating income of approximately $32 million for Q3 2024.
- Revenue in the range of $1.273 billion to $1.278 billion for full year fiscal 2024.
- ARR in the range of $1.432 billion to $1.437 billion as of January 31, 2024.
Challenges Ahead
- Reconciliation of non-GAAP operating income guidance to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from this non-GAAP measure
- Effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price.
- Variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
- Market, political, economic, and business conditions, including turmoil and macro-economic effects caused by geopolitical tensions and conflict, increasing inflationary cost trends, and foreign exchange volatility.
- Volatility in credit and financial markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income