Yahoo Finance

• ARR (Annual Recurring Revenue): $1.607 billion, an increase of 17% year-over-year.

• Net New ARR: $56 million.

• Revenue: $355 million, an increase of 9% year-over-year.

• Non-GAAP Operating Income: $50 million.

• Gross Margin: Overall gross margin of 85%; software gross margin of 89%.

• Non-GAAP Net Income: $60 million.

• Non-GAAP Adjusted Free Cash Flow: $33 million for the third quarter.

• Cash and Cash Equivalents: $1.6 billion as of October 31, 2024.

• Customer Count: Approximately 10,790 customers.

• Customers with $100,000+ ARR: 2,235 customers.

• Customers with $1 million+ ARR: 302 customers.

• Dollar-Based Gross Retention Rate: 97%.

• Dollar-Based Net Retention Rate: 113%.

• Remaining Performance Obligations (RPO): $1.128 billion, up 13% year-over-year.

• Current RPO: $718 million, up 20% year-over-year.

• Share Repurchase: 13.8 million shares repurchased at an average price of $11.81.

• Fourth Quarter Revenue Guidance: $422 million to $427 million.

• Fourth Quarter ARR Guidance: $1.669 billion to $1.674 billion.

• Fourth Quarter Non-GAAP Operating Income Guidance: Approximately $100 million.

• Warning! GuruFocus has detected 7 Warning Sign with DOCU.

Release Date: December 05, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• UiPath Inc (NYSE:PATH) exceeded the high end of their guidance across all key financial metrics, showcasing improved execution and the value of their AI-powered automation platform.

• The company reported a 17% increase in ARR, reaching $1.607 billion, driven by net new ARR of $56 million.

• UiPath Inc (NYSE:PATH) launched Agentic Automation, which has been well-received by customers and industry analysts, with over 1,000 organizations registered for the private preview.

• The partnership with SAP has been strengthened, integrating UiPath's platform into SAP's Build Process Automation solution, enhancing end-to-end automation capabilities.

• UiPath Inc (NYSE:PATH) reported a non-GAAP operating income of $50 million and a non-GAAP adjusted free cash flow of $33 million, indicating strong financial health and operational efficiency.

Negative Points

• Despite positive financial results, the macroeconomic environment remains stable with no significant improvement, which could impact future growth opportunities.

• The company is still in the early stages of its partnership with SAP, which may take time to build a substantial pipeline and generate significant revenue.

• UiPath Inc (NYSE:PATH) faces challenges in fully integrating and enabling their sales team with the new Agentic Automation messaging, which is crucial for capturing market opportunities.

• The company has undergone restructuring efforts, which, while beneficial for operational efficiency, may have caused internal disruptions.

• There is uncertainty in the government sector due to election cycles, which could affect UiPath Inc (NYSE:PATH)'s ability to capitalize on opportunities for improved government efficiency.