By Investing.com — UiPath reported Thursday second-quarter results that topped Wall Street estimates and the software maker upsized its share buyback program by $500 million.
UiPath Inc (NYSE:PATH) was up more than 9% following the report.
UiPath reported adjusted earnings per share of $0.04 on revenue of $316 million. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $303.7M.
Annual recurring revenue, or ARR, rose 18% to $1.55B in Q2 from a year earlier.
For Q3, the company forecast revenue in the range of $345M to $350M, in-line with estimates of $347.31.
Looking further ahead, the company forecast full-year 2025 revenue in the range of $1.42B to $1.43B.
The company also announced that Chief Financial Officer Ashim Gupta would be taking on an expanded role as chief operating officer starting Sept. 5.