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Investing.com -- UiPath Inc shares fell 17% in extended trading after the automation software company issued a weaker-than-expected revenue forecast for fiscal 2026.
But the company reported fourth-quarter revenue of $424 million, slightly below analysts’ estimates of $425.27 million.
Adjusted earnings per share came in at $0.26, beating expectations of $0.20.
UiPath (NYSE:PATH) forecast revenue between $330 million and $335 million, for the first quarter, which was well below the consensus estimate of $367.4 million.
Its full-year revenue outlook of $1.525 billion to $1.53 billion also missed Wall Street’s projection of $1.59 billion.
Annualized recurring revenue is projected to reach $1.686 billion to $1.691 billion in Q1 and $1.816 billion to $1.821 billion by the end of fiscal 2026.
The company expects non-GAAP operating income of approximately $45 million for Q1 and $270 million for the full year.
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