Uipath Inc - PATH STOCK NEWS

UiPath (NYSE: PATH) announced that Mitsubishi Tanabe Pharma has implemented its Business Automation Platform to enhance operational efficiency. Since 2019, over 500 workflows have been automated, saving 70,000 hours and significantly improving productivity. The automation has modernized tasks such as retiree communication and R&D information gathering. The collaboration promotes a no-code/low-code development approach, empowering employees to automate tasks. UiPath aims to support Mitsubishi Tanabe Pharma's digital transformation and workforce enhancement, fostering a hybrid human-digital workforce.

UiPath, Inc. (NYSE: PATH) will disclose its fiscal fourth quarter and full year 2023 financial results on March 15, 2023, after market close. The conference call, scheduled for 5:00 pm ET, will be hosted by management to discuss these results. Investors can access a live call at 1-877-407-8309 (US/Canada) or 1-201-689-8057 (Toll). A replay and webcast will be available on UiPath's investor relations website for one year. The company's vision is to create the Fully Automated Enterprise™, leveraging their leading RPA solutions to enhance digital operations.

UiPath (NYSE: PATH) has been awarded the 2022 NorthFace ScoreBoard Service Award℠ for the third consecutive year, recognizing its excellence in customer service and support. The award is given by the Customer Relationship Management Institute (CRMI) based on customer satisfaction ratings. UiPath achieved a Customer Satisfaction (CSAT) rating of 94% in 2022, an increase from 91% in 2021, significantly surpassing the software industry average CSAT of 77%. This recognition underscores UiPath's commitment to customer-centricity and strengthening long-term customer loyalty.

UiPath (NYSE: PATH) has partnered with the Romanian Red Cross to enhance its reporting capabilities for donations aiding Ukrainian refugees. This initiative was vital due to the increased reporting demands stemming from the ongoing humanitarian crisis in Ukraine. By implementing the UiPath Business Automation Platform, the RRC automated data collection, improving accuracy and reducing reporting time from 8-12 hours to just 30 minutes.

This partnership also facilitated better decision-making and transparency, thus enhancing fundraising efforts. The project showcases how automation can empower organizations facing humanitarian challenges.

UiPath (NYSE: PATH) has announced significant upgrades to its Test Suite, enhancing automated testing capabilities for customers. This update allows organizations to migrate testing to the UiPath Business Automation Platform, reducing costs by consolidating legacy testing solutions. Key features include a migration accelerator service for easy transfer of testing assets and the Test Manager Hub, which integrates with over 40 popular Application Lifecycle Management (ALM) tools. Dr. Gerd Weishaar, VP of Product Management, emphasized that these upgrades enable quicker and cost-effective software testing outcomes.

UiPath, a leading enterprise automation software company, will have Co-CEO Rob Enslin present at the 25th Annual Needham Growth Conference on January 11th at 3:00 pm ET. The event will take place at Lotte New York Palace and will feature a live audio webcast accessible through the company's Investor Relations webpage. UiPath aims to deliver the Fully Automated Enterprise, providing an end-to-end automation platform that enhances digital business operations.

UiPath, Inc. (NYSE: PATH) reported third-quarter fiscal 2023 results with a 36% year-over-year growth in Annual Recurring Revenue (ARR), reaching $1.110 billion, and net new ARR of $67 million. Revenue increased 19% year-over-year to $262.7 million. The company achieved a 126% dollar-based net retention rate, but reported a GAAP operating loss of $(67 million). For Q4 2023, UiPath anticipates revenue between $277 million and $279 million and ARR of $1,174 million to $1,176 million.

UiPath (NYSE:PATH) partners with Orica (ASX: ORI) to enhance application testing and automation capabilities. This partnership positions UiPath as Orica's preferred technology partner for enterprise automation. Orica will utilize the UiPath Test Suite to improve its software testing processes, ensuring quality assurance without disrupting workflows. The initiative aims to migrate Orica's enterprise automation program to the UiPath platform by March 2023, driving efficiencies and minimizing costs associated with testing.

UiPath (NYSE: PATH) has enhanced its partnership with Neostella, a Diamond partner specializing in automation services, to deliver managed services for midmarket businesses. The new offering provides flexible pricing models tailored for organizations with revenues up to $500 million, eliminating upfront licensing costs. Neostella's solutions aim to simplify automation implementation, ensuring fast returns on investment while utilizing their expertise in Robotic Process Automation (RPA). This collaboration positions both companies to better meet the growing demand for automation solutions.