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UiPath Inc. (PATH) reported its fiscal 2027 second-quarter results after Thursday's closing bell, and the numbers were solid. The company beat on both the top and bottom lines, and it raised its revenue outlook for the full year, which is always a good look.
Let's get into the details.
The company posted earnings of 15 cents per share, which matched the consensus estimate. Revenue came in at $410.26 million, beating the Street's expectation of $397.95 million.
Here are the other key highlights from the quarter:
UiPath founder and CEO Daniel Dines sounded upbeat about the results. "I am pleased with our second quarter results, demonstrating disciplined execution and the growing momentum across our platform," he said.
He also touched on the role of AI in the company's future: "AI is expanding what enterprises can automate, while increasing the need for the orchestration, governance and exactness that deterministic automation provides."
Looking ahead, UiPath raised its fiscal 2027 revenue outlook to between $1.789 billion and $1.794 billion, which is above the $1.778 billion analysts were expecting.
Investors seemed to like what they saw. According to data from MarketDash, UiPath stock was up 2.03% to $18.59 in Thursday's extended trading.
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