UiPath updates full-year guidance as Rob Enslin steps down as CEO
UiPath reported first quarter fiscal 2025 revenue of $335 million, up 16% year-over-year, and annualized recurring revenue (ARR) of $1.508 billion, up 21%. The company also updated its fiscal 2025 guidance, citing increased deal scrutiny and longer sales cycles for large multi-year deals, and said CEO Rob Enslin is resigning effective June 1, 2024, with founder Daniel Dines returning as CEO.
- Q1 fiscal 2025 revenue of $335 million, up 16% year-over-year; ARR of $1.508 billion, up 21%
- GAAP operating loss of $49 million vs. $46 million a year earlier; net loss of $28.7 million vs. $31.9 million
- Full-year fiscal 2025 revenue guidance of $1.405 billion to $1.410 billion; non-GAAP operating income of approximately $145 million
- Rob Enslin resigns as CEO effective June 1, 2024; Daniel Dines re-appointed CEO effective the same date