UiPath, a major business automation software company, saw its shares plunge sharply on the 4th, falling as much as 19% intraday to $14.77, before closing down 16.63% at $15.19. The company reported its fiscal Q2 results for the period ending January 2027 after the previous day's close, with revenue up 13% year-over-year to $410.3 million and adjusted EPS of $0.15, in line with market expectations. Despite raising its full-year forecast, selling pressure dominated due to concerns over intensifying competition. Revenue breakdown: subscription revenue from its own AI services rose 11.6% to $266 million, while licensing revenue increased 10.4% to $124 million. For Q3, the company expects revenue of $440 million to $445 million and adjusted operating income of approximately $100 million. For the full year, it raised its outlook to revenue of $1.789 billion to $1.794 billion and adjusted operating income of approximately $445 million. Additionally, the company announced a management reshuffle, with Hitesh Ramani promoted to CFO and Brad Brubaker appointed as CLAO.
Uipath IncShares plunged on concerns over intensifying competition despite raising full-year forecast.
