UiPath, Inc. - PATH STOCK NEWS

UiPath (NYSE: PATH) has announced an enhanced partnership with qBotica, introducing the Automation Cube, a managed services practice that aims to simplify business automation for various industries. This initiative targets sectors like banking, healthcare, and manufacturing, offering lower costs and tailored automation solutions. qBotica has expanded its technology portfolio with the DoqumentAI platform and the acquisition of Qruize to meet growing automation demand. The partnership aims to drive productivity and operational efficiency for businesses worldwide.

CGI and UiPath Enhance Partnership to support enterprise automation initiatives through a new offering called CGI Accel360. This managed service model allows clients to onboard automation quickly, alleviating upfront costs and ensuring easier integration. CGI utilizes its industry expertise alongside UiPath's Business Automation Platform to drive success in digitization. Both companies are investing in training resources to enhance the impact of automation initiatives. This partnership aims to transform operations and improve customer experiences.

UiPath, a leader in enterprise automation, will host its Investor Day on September 27, 2022, from 12:30 PM to 4:00 PM PT. Executives will present strategic priorities, growth initiatives, and financial insights. The event features a customer panel and a live Q&A session. Interested institutional investors can register via the Investor Relations Team. A live video webcast will be available on their website, with a replay post-event. The Investor Day coincides with the FORWARD 5 Conference in Las Vegas.

UiPath (NYSE: PATH) announced the sponsors for its annual user conference, FORWARD 5, held from Sept. 27-29, 2022, at the Venetian Resort. The conference focuses on automation's role in driving digital transformation and will feature over 70 speakers from notable companies like NASA and Spotify. Keynote speeches will be delivered by UiPath Co-CEOs, and attendees can engage in breakout sessions and hands-on training. The event symbolizes UiPath's commitment to fostering an ecosystem of automation partners and enhancing its Business Automation Platform.

Labaton Sucharow is investigating UiPath Inc. (NYSE: PATH) for potential violations of federal securities laws following a significant 16% drop in shares on September 6, 2022. The decline occurred after the company reported second-quarter earnings and reduced its annual forecast due to adverse foreign currency impacts and macroeconomic uncertainties. This investigation may affect shareholders who have experienced losses in their stock or options holdings.

UiPath (NYSE: PATH) has enhanced its partnership with Snowflake by launching a new bi-directional integration aimed at streamlining automation across enterprises. This integration allows customers to efficiently design workflows based on comprehensive, trusted data views from Snowflake’s platform. As organizations face growing demand for agility, UiPath's platform facilitates automated data pipelines, enhancing decision-making capabilities. Additionally, UiPath is now recognized as a Snowflake Technology Partner, further solidifying their collaboration.

UiPath (NYSE: PATH) has enhanced its global sales leadership with the appointments of Mark Gibbs as Senior VP for EMEA and promotion of Ryan Mac Ban to Senior VP of Sales for the Americas. Gibbs, previously with SAP, drove significant revenue growth in China, while Mac Ban has a strong track record at UiPath, contributing to substantial business expansion. These leadership changes aim to boost market penetration and enhance operations as UiPath pursues its vision of the Fully Automated Enterprise™.

UiPath, Inc. (NYSE: PATH) reported Q2 fiscal 2023 results, showcasing a milestone with ARR surpassing $1 billion, reaching $1.043 billion, up 44% year-over-year. Revenue also increased by 24% to $242.2 million. The net new ARR was $66.2 million, with a dollar-based net retention rate of 132%. Despite a non-GAAP operating loss of $(30) million to $(25) million projected for Q3, the company plans to balance long-term growth investments with operational adjustments. Financial outlook for full-year revenue is between $1.002 billion to $1.007 billion.

UiPath (NYSE: PATH) has announced that Rob Enslin, Co-CEO, and Ashim Gupta, CFO, will present at the Evercore ISI 2nd Annual Technology, Media and Telecom Conference. The event is scheduled for September 7, 11:00 am ET, at The Westin New York at Times Square.

The presentation will be accessible via live audio webcast and archived on the Investor Relations section of their website. UiPath aims to deliver the Fully Automated Enterprise™, offering an end-to-end platform for automation to help businesses scale digital operations.