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