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UiPath Inc (NYSE:PATH) shares jumped more than 12% after-hours following the company’s reported Q4 results, with EPS of $0.15 coming in better than the consensus estimate of $0.06. Revenue grew 7% year-over-year to $308.5 million, beating the consensus estimate of $278.64M.
“Fourth quarter fiscal 2023 ARR grew 30 percent year-over-year while revenue outperformance and disciplined cost management resulted in a record fourth quarter non-GAAP operating margin and positive non-GAAP adjusted free cash flow,” said Rob Enslin, UiPath Co-CEO.
The company expects Q1/24 revenue in the range of $270-272M, better than the consensus estimate of $269.14 million. ARR is seen at $1.245-$1.25 billion as of April 30, 2023.
For the full year, the company expects revenue in the range of $1.253-1.258B, better than the consensus estimate of $1.21B. ARR is seen at $1.425-$1.43B as of January 31, 2024
