UiPath Shares Surge as Revenue Jumps on Soaring Demand for AI Products

UiPath's revenue grew 19% year-over-year to $287.3 million as demand for its AI software increased.
The company raised its full-year revenue and operating profit guidance based on strong momentum.
UiPath announced a $500 million share repurchase program through March 2025.
Co-CEOs cited rising demand for AI products and automation as driving growth.
UiPath shares surged 11% on Thursday on the better-than-expected results.

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9/7/2023

UiPath Stock Rises. Revenue Growth Sidelines the AI Debate for Now.

UiPath stock is on the rise as the company surpasses revenue growth expectations, temporarily overshadowing the ongoing debate about artificial intelligence.