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UiPath, Inc. - PATH STOCK NEWS

Welcome to our dedicated page for UiPath news (Ticker: PATH), a resource for investors and traders seeking the latest updates and insights on UiPath stock.

UiPath, Inc. (symbol: PATH) is a leading global software company specializing in robotic process automation (RPA). Founded in Bucharest, Romania, and now headquartered in New York City, UiPath creates advanced software solutions designed to automate repetitive tasks across various business functions. These tasks often involve user interactions with other business software such as customer relationship management (CRM) or enterprise resource planning (ERP) systems.

At the heart of UiPath's offerings is an end-to-end automation platform that enables user emulation. This platform is versatile, allowing employees at all levels within an organization to streamline both simple and complex business processes. UiPath's software is particularly valuable for automating front and back-office operations, leading to increased efficiency and reduced operational costs.

UiPath's revenue model is diverse, including the sale of licenses for its proprietary software, maintenance and support services, access to its hosted software products (SaaS), and professional services. The company generates most of its revenues from the Americas, followed by the Europe, Middle East, and Africa (EMEA) region, and the Asia-Pacific (APAC) region.

Recent achievements for UiPath include significant advancements in AI-driven automation technologies and robust financial performance. The company's innovative solutions have garnered partnerships with major enterprises across various industries, further solidifying its position as a market leader in RPA.

For the latest updates, financial performance insights, and news on UiPath, visit StockTitan regularly.

Rhea-AI Summary

UiPath (NYSE: PATH) has appointed Raghu Malpani as its Chief Technology Officer, bringing his extensive experience from Microsoft and Meta to lead the company's engineering teams. Malpani's background includes leadership roles at Microsoft in the Microsoft 365 Application and Data Platform, as well as at Meta leading the Decisions Platform team. His focus will be on advancing UiPath's technology strategy to deliver enterprise automation and AI software for end-to-end business processes.

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UiPath (PATH) has been named a Leader in Intelligent Document Processing by Everest Group for the second year, excelling in vision, capabilities, and market impact. The company's Business Automation Platform stands out for its AI technologies, offering specialized AI solutions for banking and insurance. UiPath's recent AI capabilities include new LLMs, Active Learning, GenAI connectors, and industry-specific IDP offerings, enhancing document understanding and communications mining. The company's focus on continuous investments and ease of use has solidified its position as a market leader.
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UiPath appoints SAP veteran Sebastian Schrötel as Senior VP of Product Management to drive developer-focused automation experiences and new product initiatives. Schrötel will lead product strategy for Autopilot, Studio, and Integration Service, focusing on iPaaS market development. His experience at SAP will enhance UiPath's AI and automation integration.
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UiPath achieves FedRAMP authorized status for its Automation Cloud Public Sector, enabling U.S. federal government agencies to modernize operations through AI and automation offerings. UiPath's secure platform enhances citizen services, IT modernization, data digitization, and process automation for improved efficiency and resilience.
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UiPath introduces new GenAI features to enhance automation capabilities with specialized AI models and tools. The company showcases these advancements at the virtual AI Summit, focusing on business context, model flexibility, actionability, and trust. New features include Generative Large Language Models (LLMs) like DocPATH and CommPATH, Context Grounding for business-specific data augmentation, GenAI Connectors with IBM watsonx.ai, and Autopilot™ for Developers and Testers.
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UiPath, Inc. (PATH) reports record quarterly revenue of $405 million, a 31% increase year-over-year, with ARR reaching $1.464 billion, up by 22%. The company achieves its first GAAP profitability quarter as a public entity. Cash flow from operations and non-GAAP adjusted free cash flow hit $146 million. The financial outlook for fiscal 2025 is optimistic, with revenue expected between $1.555 billion to $1.560 billion and ARR in the range of $1.725 billion to $1.730 billion.
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UiPath (PATH) partners with the Ministry of Tourism of Saudi Arabia to utilize AI-powered automation in boosting tourism and economic growth. The Ministry aims to attract 150 million tourists by 2030, increase GDP by 10%, create 1.6 million jobs, and enhance private sector involvement.
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UiPath CEO Rob Enslin to showcase AI and automation innovations at LEAP 2024, emphasizing digital transformation and workforce upskilling in Saudi Arabia.
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UiPath and Google Cloud expand partnership to offer AI-powered automation solutions through Google Cloud Marketplace and Vertex AI integration.
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UiPath is showcasing AI-powered automation solutions for healthcare organizations at ViVE 2024 conference. They offer pre-packaged automation accelerators to streamline processes and improve efficiency.
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FAQ

What is the current stock price of UiPath (PATH)?

The current stock price of UiPath (PATH) is $12.88 as of December 28, 2024.

What is the market cap of UiPath (PATH)?

The market cap of UiPath (PATH) is approximately 7.1B.

What does UiPath, Inc. specialize in?

UiPath, Inc. specializes in robotic process automation (RPA) software.

Where was UiPath founded?

UiPath was founded in Bucharest, Romania.

Where is UiPath's headquarters?

UiPath's headquarters are located in New York City.

What is the core function of UiPath's software?

UiPath's software automates repetitive front and back-office tasks, often involving other business software like CRM or ERP systems.

How does UiPath generate its revenue?

UiPath generates revenue through license sales, maintenance and support services, SaaS access, and professional services.

Which regions contribute most to UiPath's revenue?

The Americas contribute the most, followed by EMEA and APAC regions.

What industries does UiPath serve?

UiPath serves a wide range of industries by providing automation solutions for various business processes.

What are some recent achievements of UiPath?

Recent achievements include advancements in AI-driven automation technologies and strong financial performance.

How can I stay updated on UiPath's latest news?

You can stay updated by visiting StockTitan regularly for the latest news and updates on UiPath.

What makes UiPath's platform unique?

UiPath's platform is unique due to its comprehensive end-to-end automation capabilities, allowing it to address both simple and complex tasks within an organization.

UiPath, Inc.

NYSE:PATH

PATH Rankings

PATH Stock Data

7.08B
432.65M
7%
65.11%
4.95%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
NEW YORK