The robotic-process automation software company revealed its first earnings report since it became a publicly traded company this April
For the fiscal first quarter 2022 ended April 30, UiPath announced revenue of $186.2 million, up 65% from a year earlier and ahead of the $168.6 million forecasted. On a non-Generally Accepted Accounting Principles (GAAP) basis, the company reported an EPS of 2 cents, surpassing the forecast for a loss of 5 cents per share. However, under GAAP, UiPath lost $1.11 per share.
UiPath added that it now has more than 8,500 customers, with 104 generating over $1 million and 1,105 over $100,000 per year.
For the fiscal second quarter, the company expects revenues between $180 million - $185 million as demand for its products increases.
UiPath went public on April 21 at $65.50 a share and closed the Tuesday, June 8, trading session 2.87% higher at $76.
Find out more about the company’s IPO here.
Sources: barrons.com, finance.yahoo.com