UiPath, Inc. - PATH STOCK NEWS

UiPath, Inc. (NYSE: PATH) is set to report its fiscal fourth quarter and full year 2022 financial results on March 30, 2022, following market close. The company will host a conference call at 5:00 PM ET to discuss these results. Investors can access the live call at 1-877-407-8309 or via a webcast at https://ir.uipath.com. The company aims to deliver the Fully Automated Enterprise™, enhancing enterprise automation solutions and enabling organizations to scale digital operations effectively.

UiPath (NYSE: PATH) announced the recognition of executives Cheryln Chin and Eddie O’Brien by CRN as part of its annual Channel Chiefs list for 2022. This marks the second consecutive year they have received this honor, which identifies top IT channel executives. Under their leadership, UiPath's global partner ecosystem grew by 28% over the past year, with notable expansions in the Americas (35%) and Europe, Middle East, and Africa (27%). Their strategies focus on fostering partnerships with leading firms like Accenture and Deloitte.

The IRS has adopted UiPath's robotic process automation (RPA) software to improve its finance and procurement operations. This shift aims to reduce manual processes, enhancing efficiency and accuracy. Notably, the IRS executed nearly 1,500 contract modifications in just 72 hours through RPA, significantly cutting down a year-long process. The IRS's strategic partnership with UiPath underscores its commitment to modernizing operations, leveraging technology to improve customer satisfaction and streamline workflows, ultimately aiming for a more agile finance system.

UiPath (NYSE: PATH) has announced its Builder sponsorship of The Smart Factory @ Wichita, an Industry 4.0 immersive experience center developed by Deloitte. This collaboration aims to demonstrate the crucial role of robotic process automation (RPA) in enhancing smart factories and overcoming challenges such as the U.S. manufacturing skills gap, projected to leave 2.1 million jobs unfilled by 2030. The partnership will showcase how automation and AI can improve production efficiency, sustainability, and smart factory technologies.

UiPath (NYSE: PATH) has partnered with Coursera to democratize training in automation for over 92 million learners. This initiative includes free courses, Professional Certificates, and a comprehensive Robotic Process Automation (RPA) Specialization. The program aims to equip learners with essential skills in automation, addressing the skills gap in the industry. Research shows a strong demand for automation skills, with 86% of employees wanting to use automation. The partnership reflects UiPath's commitment to fostering learning and career advancement in a competitive job market.

Avison Young, a commercial real estate firm, has partnered with UiPath (NYSE: PATH) to implement enterprise automation solutions aimed at enhancing its technology stack. This collaboration will enable Avison Young to utilize predictive analytics and automate routine tasks, providing brokers with quicker insights on properties. The deployment will also support back-office processes, improving efficiency during a competitive labor market. The partnership aligns with Avison Young's digital transformation strategy, emphasizing the importance of technology in delivering superior client experiences.

UiPath, a leading enterprise automation software company, announced that its Co-Founder and CEO, Daniel Dines, along with CFO Ashim Gupta, will present at the 24th Annual Needham Virtual Growth Conference on Tuesday, January 11, at 11:30 am ET. The presentation will be accessible via live audio webcast and archived on the Investor Relations section of the UiPath website. UiPath aims to deliver the Fully Automated Enterprise™ by providing an end-to-end platform for automation, integrating leading Robotic Process Automation (RPA) solutions to help organizations scale their digital operations.

UiPath, Inc. (PATH) reported a significant increase in Annual Recurring Revenue (ARR), reaching $818 million, up 58% year-over-year, driven by a net new ARR of $92 million. For Q3 fiscal 2022, total revenue grew 50% to $220.8 million, with GAAP gross margins at 80%. The company expects ARR to reach $901-$903 million in Q4 2022. Recent partnerships and product releases are likely to foster further growth and enhance customer success.