UiPath Inc (NYSE:PATH) is set to post higher revenues and earnings for the third quarter when it hands down its latest financial report on Thursday, November 30 after the stock market closes.
The business automation platform expects to report revenue in the range of $313 million to $318 million.
Annual recurring revenue (ARR) as of October 31, 2023, is expected to be in the range of $1.359 billion to $1.364 billion.
Wall Street analysts expect UiPath to report revenue of $315.54 million, which represents a 20.1% increase from revenue of $262.74 million in the year-ago quarter.
They also expect earnings per share to increase from $0.05 to $0.07.
UiPath shares traded hands for about US$18 on Wednesday afternoon. The stock has gained 48.7% so far in 2023.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on X, formerly known as Twitter, @emilyjjarvie