Technology

UiPath(NYSE:PATH) Q4 2023 Revenue of $308.5 million,diluted eps $0.15,Higher than analyst expectations

March 15, 2023 — UiPath, Inc. (NYSE: PATH), a leading enterprise automation software company, today announced financial results for its fourth quarter and full year fiscal 2023 ended January 31, 2023. UiPath, Inc. (NYSE: PATH) reported fiscal Q4 adjusted net income of $0.15 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ called for $0.07. Revenue for the quarter ended Jan. 31 was $308.5 million, up from $289.7 million a year earlier. Analysts surveyed by Capital IQ estimated $278.7 million. The automation software company said it projects fiscal Q1 revenue of $270 million to $272 million. Analysts polled by Capital IQ are looking for $269.6 million. Revenue for fiscal 2024 is forecast to be $1.25 billion to $1.26 billion. Analysts surveyed by Capital IQ are expecting $1.21 billion. “We delivered a very strong close to fiscal year 2023. Fourth quarter fiscal 2023 ARR grew 30

UiPath(NYSE:PATH) Q4 2023 Revenue of $308.5 million,diluted eps $0.15,Higher than analyst expectations Read Post »

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 and maintained its “outperform” rating on the stock. Meta announced a new round of layoffs of about 10,000 people on Tuesday and will close about 5,000 additional unfilled positions in the past six months. As a result of this news, analysts raised Meta’s earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts for both fiscal 2023 and fiscal 2024 by 12, while raising the company’s earnings forecasts excluding one-time items by 22 and 24 for fiscal 2023 and fiscal 2024, respectively.

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 Read Post »

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