UiPath is set to report its fiscal second-quarter results this Thursday afternoon, with analysts expecting revenue to grow 10% year on year, a slowdown from the 14.4% increase recorded in the same quarter last year. The automation software company beat revenue expectations last quarter with $418.4 million in revenue, up 17.3% year on year, though it missed on billings estimates. Analysts have generally reconfirmed their estimates over the past 30 days, and UiPath rarely misses Wall Street's revenue expectations. Peer results in the automation software segment have been strong, with SoundHound AI reporting 45% revenue growth and Microsoft up 17.7%, both beating expectations. UiPath shares have risen 38.3% over the past month, and the average analyst price target stands at $13.87, below the current share price of $18.08.
Uipath IncEarnings preview with expected revenue slowdown and stock trading above average price target.
SoundHound AI IncReported 45% revenue growth, beating expectations, indicating strong demand.
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