Compared to Estimates, UiPath (PATH) Q2 Earnings: A Look at Key Metrics

Core Insights - UiPath reported revenue of $316.25 million for the quarter ended July 2024, marking a year-over-year increase of 10.1% [1] - The earnings per share (EPS) for the same period was $0.04, down from $0.09 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $302.92 million by 4.40% [1] - The EPS surprise was +33.33% compared to the consensus estimate of $0.03 [1] Financial Metrics - Net New Annual Recurring Revenue (ARR) was $43 million, surpassing the average estimate of $37.53 million from four analysts [3] - Total ARR stood at $1.55 billion, matching the average estimate based on four analysts [4] - Revenue from Licenses was $112.25 million, exceeding the average estimate of $109.52 million, but reflecting a year-over-year decline of 5.9% [5] - Revenue from Professional Services and other sources was $9.33 million, compared to the average estimate of $8.16 million [6] - Revenue from Subscription Services reached $194.67 million, surpassing the average estimate of $185.15 million [7] Stock Performance - UiPath shares have returned +18.3% over the past month, outperforming the Zacks S&P 500 composite's +3.4% change [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [7]