{"id":57973,"date":"2023-09-07T06:27:36","date_gmt":"2023-09-07T10:27:36","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/uipath-stock-rises-revenue-growth-sidelines-the-ai-debate-for-now\/"},"modified":"2023-09-07T06:27:39","modified_gmt":"2023-09-07T10:27:39","slug":"uipath-stock-rises-revenue-growth-sidelines-the-ai-debate-for-now","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=57973","title":{"rendered":"UiPath Stock Rises. Revenue Growth Sidelines the AI Debate for Now."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000738048\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        UiPath<br \/>\n       shares were rising early Thursday after the automation-software company beat expectations for revenue growth. UiPath, however, was still working to convince analysts that artificial intelligence will be a boon to its business. <\/p>\n<p>\n        UiPath<br \/>\n       (ticker: PATH) shares were up 4.3% at $16.92 in premarket trading following its earnings report late Wednesday.<\/p>\n<div class=\"paywall\">\n<p>Shares have risen 28% this year through Wednesday\u2019s close but have been volatile as investors debate whether the company is likely to benefit or be harmed by the rise of artificial-intelligence technology.\u00a0The latest results don\u2019t seem to have settled the debate.\u00a0<\/p>\n<p>\u201cWe have yet to see if Generative AI will drive truly inimitable differentiation for UiPath in a very competitive and disruptive automation software landscape,\u201d D.A. Davidson\u2019s Gil Luria wrote in a research note.\u00a0<\/p>\n<p>Luria raised his target price on UiPath stock to $17 from $16 but kept a Neutral rating. He said that the company was executing well on improving its margins and free cash flow but the company still faces a tough environment for software sales.\u00a0<\/p>\n<p>UiPath posted adjusted earnings for the quarter ended in July of 9 cents a share, higher than analysts\u2019 estimates of 4 cents. Revenue rose 19% to $287.3 million; analysts expected $281.5 million, according to FactSet.<\/p>\n<p>Analysts peppered UiPath executives with a series of questions about how the growth of generative AI was affecting client spending on its software. Co-CEO Daniel Dines said generative AI hadn\u2019t changed competition when it came to its automation platform company and that he expected AI to be a tailwind to UiPath\u2019s business going forward. <\/p>\n<p>For the third quarter, the company forecast revenue between $313 million and $318 million, while it put its annual revenue between $1.27 billion and $1.28 billion. Analysts surveyed by FactSet had estimated revenue of $318.5 million for the third quarter and $1.27 billion for the year.<\/p>\n<p>The company also announced a $500 million share buyback program. <\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/uipath-stock-earnings-artificial-intelligence-cfde9bcb?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UiPath shares were rising early Thursday after the automation-software company beat expectations for revenue growth. UiPath, however, was still working to convince analysts that artificial intelligence will be a boon to its business. UiPath (ticker: PATH) shares were up 4.3% at $16.92 in premarket trading following its earnings report late Wednesday. Shares have risen 28% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-57973","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UiPath Stock Rises. Revenue Growth Sidelines the AI Debate for Now. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"UiPath shares were rising early Thursday after the automation-software company beat expectations for revenue growth. 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