NEW YORK (AP) — NEW YORK (AP) — UiPath Inc. (PATH) on Wednesday reported a loss of $60.4 million in its fiscal second quarter.
On a per-share basis, the New York-based company said it had a loss of 11 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 9 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The enterprise automation software developer posted revenue of $287.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $281.9 million.
For the current quarter ending in October, UiPath said it expects revenue in the range of $313 million to $318 million.
The company expects full-year revenue in the range of $1.27 billion to $1.28 billion.
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