06 Dec 2024 16:00:00 ET │ 24 pages US Equity Strategy 2025 Outlook: Expect a Volatile Bull CITI'S TAKE We maintain a positive view on US equities headed into 2025. A base case 6500 S&P 500 target allows for mid-single digit gains on the heels of backto-back 20%+ years. Ongoing soft landing and Artificial Intelligence tailwinds now interact with Trump policy promises, and risks. Continued broadening beyond Mega Cap Growth impacts is critical but an extended valuation starting point will be an ongoing hurdle. ...

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Summary of UiPath's Q3 Fiscal 2025 Earnings Call Company Overview - **Company**: UiPath - **Industry**: Automation and AI-powered solutions Key Financial Metrics - **Annual Recurring Revenue (ARR)**: $1.607 billion, up 17% year-over-year, driven by net new ARR of $56 million [2][9] - **Revenue**: $355 million, a 9% increase year-over-year [10] - **Non-GAAP Operating Income**: $50 million, with a non-GAAP operating margin of 14% [11] - **Dollar-based Net Retention Rate**: 113%, indicating strong customer expansion [9] - **Gross Margin**: 85% overall, with software gross margin at 89% [10][11] Product Developments and Innovations - **Agentic Automation**: UiPath is launching agentic automation capabilities, allowing users to build, maintain, and deploy agents that can interact with various corporate systems [2][3] - **Agent Builder**: A new tool for creating agents, set to launch in public preview in February [6] - **Agentic Orchestration**: Expected to be available in Q1 FY 2026, enabling orchestration of complex processes across humans, robots, and AI agents [6] - **Autopilot for Everyone**: A conversational agent designed for non-technical users to automate complex tasks [5] Market Trends and Customer Insights - **Market Growth**: IDC forecasts the market for agentic labor automation to grow to $4.1 billion by 2028 [4] - **Customer Adoption**: Over 1,000 organizations have registered for the agent builder's private preview, indicating strong interest [3] - **Case Studies**: - A Fortune 50 healthcare company is rapidly implementing agentic capabilities after successful demos [3] - Volkswagen Financial Services plans to standardize on UiPath for automating customer communications, expecting over €10 million in annual cost savings [4] Strategic Partnerships - **SAP Partnership**: UiPath's integration into SAP Build Process Automation Solution enhances its market reach and credibility [7][22] - **Customer Expansion**: Notable expansions include a U.S. oil and gas company increasing automation within their S4HANA environment [8] Operational Efficiency and Future Guidance - **Cost Management**: Non-GAAP adjusted free cash flow expected to be approximately $325 million for FY 2025 [11] - **Focus on Customer-Centricity**: Emphasis on deepening relationships with customers and enhancing professional services [12] - **Guidance for FY 2026**: Anticipation of stabilization in net new ARR and acceleration in adjusted free cash flow growth [12][16] Additional Insights - **Customer Sentiment**: Positive feedback from customers regarding the new agentic offerings, with increased interest from C-level executives [18] - **Testing Automation**: UiPath's test automation capabilities are gaining traction, with significant interest from large enterprises [24] Conclusion - **Outlook**: UiPath is well-positioned to leverage its innovations in agentic automation and strengthen its market presence through strategic partnerships and customer-centric initiatives [9][20]

Welcome to Booking Holdings third quarter 2024 conference call. Booking Holdings would like to remind everyone that this call may contain forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guaranteed of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially from these express ...

Good day, everyone, and welcome to today's GitLab third quarter fiscal year 2025 conference call. At this time, all participants are in view and listen only mode. Later, you will have the opportunity to ask questions during the question and answer session. If you'd like to ask a question, please use the raise hand function located in the menu of your Zoom controls at the bottom of your screen. In addition, please ensure your Zoom name reflects your full name and the firm you are joined with. And if you are ...

earnings conference call. My name is Sarah and I will be your conference operator today. As a reminder, this conference is being recorded. I would now like to turn the program over to your host for today's conference, Steve Winokur, PayPal's Chief Investor Relations Officer. Please go ahead. Thanks, Sarah. Welcome to PayPal's third quarter 2024 earnings call. I'm joined by CEO Alex Criss and CFO Jamie Miller. Our remarks today include forward-looking statements that involve risks and uncertainties. Actual r ...

Good afternoon. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the MEDA third quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, again, press star one. We ask that you limit yourself to one question. This ca ...

At this time, all participants are in a listen-only mode. Greetings and welcome to the AMD third quarter 2024 conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. And as a reminder, this conference is being recorded. It is now my pleasure to You may begin. Thank you and welcome to AMD's third quarter 2024 financial results con ...

Hello, everyone, and welcome to Asana's third quarter fiscal year 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To participate, you will need to press star 11 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press star 11 again. Please be advised that today's conference is being recorded. Now we'll pass the call over to the Head of Inve ...

Moderna, Inc. (NASDAQ:MRNA) Piper Sandler 36th Annual Healthcare Conference December 5, 2024 10:30 AM ET Company Participants Stephane Bancel - Chief Executive Officer Conference Call Participants Ted Tenthoff - Piper Sandler Ted Tenthoff Good morning, everyone. My name is Ted Tenthoff. I'm the senior private tech analyst at Piper Sandler. And before I begin, I am required to point out certain disclosures regarding the relationship between Piper and our next presenting company, Moderna, which are listed bot ...