Sales are struggling and the CEO is leaving after just four months on the job. When a company greatly reduces its full-year financial guidance and its new CEO abruptly leaves the company, investors tend to react negatively. And that's exactly what's happening with enterprise software company UiPath (PATH -35.25%) on Thursday. As of 9:45 a.m. ET, UiPath stock was down a painful 35% as investors processed the disheartening developments from its report for its fiscal first quarter of 2025. What's the problem w ...

UiPath (NYSE:PATH) stock is falling on Thursday after the end-to-end automation company announced a change in CEOs during its latest earnings report. UiPath says that Rob Enslin is stepping down as the CEO and a Board member of the company. This has the company reappointing Daniel Dines as its next CEO. Dines is the founder and previous CEO of the company. This change is set to go into effect on Saturday. Enslin will stick around in an advisory role to ensure a smooth transition between CEOs. It's also wort ...

Key Takeaways Shares of UiPath (PATH) lost nearly a third of their value in Thursday's premarket session after the automation software company announced an unexpected CEO shakeup and provided current-quarter sales guidance that came in significantly below Wall Street estimates. The company, which develops software that automates repetitive tasks and processes, said CEO Rob Enslin is stepping down on June 1 and will be replaced by co-founder Daniel Dines, who had resigned as co-CEO on Jan. 31. UiPath shares ...

PATH stock is now the cheapest it has ever been. In this video, I will talk about UiPath (PATH -2.40%), review its recent earnings report, and explain why the stock has plummeted despite a double-beat. *Stock prices used were from the trading day of May 29, 2024. The video was published on May 30, 2024. ...

Financial Data and Key Metrics Changes - ARR grew 21% year-over-year to $1.508 billion, driven by net new ARR of $44 million [46][116] - Revenue increased to $335 million, a 16% year-over-year growth, normalizing for FX headwinds, revenue grew 18% [46][62] - Non-GAAP operating income was $50 million, resulting in a first quarter non-GAAP operating margin of 15% [89] - The company expects to generate approximately $300 million of non-GAAP adjusted free cash flow for the full fiscal year 2025 [50][122] Business Line Data and Key Metrics Changes - The company reported a dollar-based net retention rate of 118% for the quarter, indicating strong customer expansion [117] - Customers with $100,000 or more in ARR increased to 2,092, while those with $1 million or more totaled 288 [61] - The company added a record number of customers with $5 million or more in ARR [61] Market Data and Key Metrics Changes - The company experienced inconsistent execution, particularly with large multi-year deals, leading to some deals being postponed or reduced in size [47][73] - The macroeconomic environment has created variability, particularly affecting mid-market customers [73][111] Company Strategy and Development Direction - The company is focusing on enhancing execution, improving sales linearity, and adopting a more customer-centric approach [49][76] - There is a commitment to invest in AI and automation capabilities, with a focus on innovative products like Autopilot and specialized LLMs [50][51] - The company aims to strengthen partnerships with key players like SAP and Microsoft to drive growth [5][81] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the role of their Business Automation Platform in digital transformation despite current challenges [50][72] - The leadership transition is expected to create short-term disruptions, but management is focused on improving execution and customer engagement [75][112] - The company anticipates that the macroeconomic environment will remain challenging in the near term [75][120] Other Important Information - The company has a strong balance sheet with $1.9 billion in cash and no debt, allowing for continued share buybacks [90] - The company is committed to driving efficiencies across the organization, particularly in G&A and sales and marketing [14][28] Q&A Session All Questions and Answers Question: What has changed over the last few months regarding large multi-year deals? - Management noted that there has been increased scrutiny and some deals have been postponed or reduced in size due to a cautious macroeconomic environment [95] Question: Can you elaborate on the shift towards a more verticalized sales approach? - Management indicated that the timing is right for a verticalized approach, especially given the success seen in healthcare and financial services [98] Question: How do you view the impact of macroeconomic factors versus internal challenges? - Management stated that it is a combination of both, with a focus on improving execution and customer alignment [100][101] Question: What is the strategy regarding sales compensation and deal sizes? - Management acknowledged the need to adjust sales compensation to better incentivize multi-year deals while also considering smaller deal sizes [103][104] Question: Can you discuss the investment in HAI and its relevance to the AI strategy? - Management expressed excitement about the investment in HAI, emphasizing its potential to advance the company's AI capabilities and drive innovation [105][128]

UiPath (PATH) reported $335.11 million in revenue for the quarter ended April 2024, representing a year-over- year increase of 15.7%. EPS of $0.13 for the same period compares to $0.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $332.84 million, representing a surprise of +0.68%. The company delivered an EPS surprise of +18.18%, with the consensus EPS estimate being $0.11. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Ui Path® The Foundation We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are making this statement for purposes of complying with those safe harbor provisions. Our fiscal year end is January 31, and our fiscal quarters end on April 30, July 31, and October 31. All third-party trademarks, including name ...

UiPath (PATH) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 18.18%. A quarter ago, it was expected that this enterprise automation software developer would post earnings of $0.15 per share when it actually produced earnings of $0.22, delivering a surprise of 46.67%. Over the last ...

UiPath shares plunged more than 30% on Wednesday after the software company said CEO Rob Enslin is resigning effective June 1, and being replaced by co-founder Daniel Dines, who stepped down as co-CEO on Jan. 31. Daniel Dines, billionaire and co-founder of UiPath Inc., at the automation software company's offices in Bucharest, Romania, on Thursday, May 20, 2021. "I am convinced that UiPath will continue to define what's possible for our customers and partners in the AI and automation market," Enslin said, a ...

Revenue and ARR Growth - Revenue of $335 million increased 16% year-over-year[1][6] - ARR of $1.508 billion increased 21% year-over-year[1][6] - Net new ARR of $44 million[6] - Total revenue for Q1 2024 increased to $335.1 million, up 15.7% from $289.6 million in Q1 2023[27] - Subscription services revenue grew to $185.1 million, a 26.5% increase from $146.4 million in Q1 2023[27] - Q2 FY2025 revenue guidance of $300 million to $305 million[7] - Full-year FY2025 ARR guidance of $1.660 billion to $1.665 billion[7] Profitability and Margins - Non-GAAP adjusted free cash flow reached $101 million[1][6] - GAAP gross margin was 83% in Q1 2024, compared to 85% in Q1 2023[34] - Non-GAAP gross margin improved to 86% in Q1 2024, up from 85% in Q1 2023[34] - GAAP operating loss narrowed to $49.5 million in Q1 2024 from $46.4 million in Q1 2023[36] - Non-GAAP operating income increased to $50.4 million in Q1 2024, up from $48.2 million in Q1 2023[36] - Non-GAAP operating income guidance of approximately $145 million for FY2025[7] - GAAP net loss for Q1 2024 was $(28.7) million, compared to $(31.9) million in Q1 2023, showing a reduction in losses[39] - Non-GAAP net income for Q1 2024 was $73.2 million, up from $63.8 million in Q1 2023, reflecting a 14.8% increase[39] - Non-GAAP net income per share, diluted, remained stable at $0.13 in both Q1 2024 and Q1 2023[39] Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities totaled $1.9 billion as of April 30, 2024[6] - Cash and cash equivalents grew to $1.15 billion as of April 30, 2024, up from $1.06 billion as of January 31, 2024[29] - Net cash provided by operating activities was $100.0 million in Q1 2024, compared to $67.3 million in Q1 2023[31] - GAAP net cash provided by operating activities in Q1 2024 was $100.0 million, a 48.6% increase from $67.3 million in Q1 2023[42] - Non-GAAP adjusted free cash flow for Q1 2024 was $101.3 million, up 39.3% from $72.7 million in Q1 2023[42] - Purchases of property and equipment decreased to $1.2 million in Q1 2024 from $1.9 million in Q1 2023[42] - Cash paid for employer payroll taxes related to employee equity transactions was $2.4 million in Q1 2024, down from $2.7 million in Q1 2023[42] - Restructuring costs in Q1 2024 were $63 thousand, significantly lower than $3.7 million in Q1 2023[42] Customer and Product Metrics - Dollar-based net retention rate of 118%[6] - Over 1,500 organizations using UiPath Autopilot™, generating over 7,000 workflows and 5,500 expressions per week[9] Stock-Based Compensation and Share Metrics - Stock-based compensation expense totaled $88.7 million in Q1 2024, up from $85.0 million in Q1 2023[36] - Weighted-average shares used in computing net loss per share increased to 569,925 in Q1 2024 from 557,878 in Q1 2023[27] - Stock-based compensation expense increased to $88.7 million in Q1 2024 from $85.0 million in Q1 2023[39] - Charitable donation of Class A common stock increased to $6.6 million in Q1 2024 from $4.2 million in Q1 2023[39]