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UiPath shares fell 14% as its Q3 revenue guidance, indicating an 8% growth slowdown, overshadowed better-than-expected Q2 revenue.
UiPath (NYSE:PATH) shares fell 14% to $15.69 on Friday. The company's second-quarter revenue was $410.3 million, exceeding market expectations of $397.9 million, representing a year-over-year increase of 13.4%; adjusted earnings per share were $0.15, meeting expectations. However, its third-quarter revenue guidance is approximately $443 million, implying a year-over-year growth of only 8%, about half the growth rate of the second quarter. Company management attributed the slowdown in growth to customers delaying purchasing decisions amidst uncertainty in the AI market, similar to what peer Pegasystems had previously noted.
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