UiPath Inc. ($PATH) Q1 2024 Earnings Call Summary

UiPath Inc. ($PATH) Q1 2024 Earnings Call Summary

Posted: 1 week, 2 days ago // May 25, 2023 9:18 a.m. UTC

Here is a summary of UiPath Inc.'s Q1 2024 earnings call, which took place on May 24:

- UiPath's Q1 fiscal 2024 financial results show an increase in ARR of 28%, driven by net-new ARR of $45 million.

- The company added approximately 10,850 customers, with customers with $1 million or more in ARR increasing 43% YoY.

- UiPath launched a new segmentation model, introduced its next platform release 2023.4, and established strategic partnerships.

- The company is investing heavily in AI to deliver meaningful ROI for customers and safely deliver generative AI.

- UiPath expects non-GAAP adjusted free cash flow of more than $160 million or a 13% adjusted free cash flow margin for fiscal year 2024.

This is an AI generated summary. There may be inaccuracies.

Relevant tickers: PATH