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UiPath’s Million-Dollar Customers Surge 21% As Enterprise Adoption Deepens!

UiPath Incorporated reported its second quarter fiscal 2027 results with a 12% year-over-year increase in annual recurring revenue (ARR) reaching $1.938 billion and 13% revenue growth to $410 million. Normalizing for foreign exchange (FX) impacts, revenue growth was approximately 16%. The company continued its trend of GAAP profitability for the fourth consecutive quarter, with GAAP operating income improving to $32 million from a prior year operating loss, and achieved a non-GAAP operating margin of 22%, up over 400 basis points year-over-year, driven by operational efficiencies and disciplined execution. Non-GAAP adjusted free cash flow was $31 million, down from $45 million in the prior year quarter due to timing of tax-related payments. UiPath’s balance sheet remains strong with $1.4 billion in cash, equivalents, and marketable securities, and no debt. The company repurchased 2.4 million shares during the quarter.