UiPath has just published its financial report for the first months of the year, and the figures indicate that the Romanian unicorn has overcome the troubled times it had in recent months, when it faced a drop in the price of its shares.
After the first quarter of this year, the unicorn reports an explosive increase in revenue. We are talking about an increase, compared to the similar period in 2021, by 32%, up to $ 245.1 million.
“One of the strengths of UiPath is our global presence, as we operate in over 100 countries, which gives us diverse perspectives and access to talent,” said the giant’s representatives.
The document also notes that recurrent annualized revenues (ARRs) increased by 50% to $ 977.1 million.
With respect to losses, there is a decrease from $ 240 million to $ 122.5 million ($ 0.23 / share).
In terms of financial expectations for the second quarter, revenues are estimated at between $ 229 million and $ 231 million.
What’s new in UiPath for the global tech area
Uipath, a global leader in the enterprise automation market, announced in March a major partnership with the start-up FLOWX.AI, which is developing a revolutionary platform for orchestrating digital experiences based on low-code / no-code. addresses enterprise companies.
According to FLOWX.AI, the partnership allows organizations to quickly build unified omnichannel experiences for their customers and employees through accelerated integrations across existing infrastructure.
“We are excited that FLOWX.AI is becoming a UiPath technology partner. We have tracked their progress and we are confident that we will bring our technology contribution together to build the strategic benefits of our common customers and create a unified digital experience for our customers and employees, ”said Dhruv Asher, Senior Vice President, Technology Alliances at UiPath. .
In fact, according to Ioan Iacob, CEO and co-founder of FLOWX.AI, this new partnership brings added value to the area of use of software automation.
“Our partnership with UiPath increases the use of software automation, helping to create modern digital experiences for organizations’ customers and employees. UiPath provides a fast and secure way to integrate the FLOWX.AI platform across existing company systems, building together at unprecedented speed and efficiency.
As companies increasingly need to streamline customer and employee interactions, partnering with UiPath will increase our common potential to serve global customers, ”adds Ioan Iacob, CEO and co-founder of FLOWX.AI.