UiPath Shares Soar 25% Following Strong Q3 Earnings

Company's success attributed to AI leadership and expansion into new verticals, with further growth expected in Q4.

UiPath Inc.'s shares surged by more than 25% following a third-quarter earnings report that exceeded analyst expectations.
The company reported a year-over-year revenue growth of 24%, with revenues of $326 million and annual recurring revenue (ARR) of $1.38 billion.
UiPath's financial success this year is largely attributed to its leadership in the use of artificial intelligence (AI), with several AI-enabled services launched in the third quarter.
Analysts are optimistic about UiPath's expansion into new verticals, such as retail, IT, and manufacturing.
Looking ahead, UiPath predicts fourth-quarter revenue between $381 million and $386 million and ARR around $1.45 billion.