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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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