Q1 2027 UiPath Inc Earnings Call Transcript
Key Points
- UiPath Inc (PATH) exceeded its guidance across all key financial metrics for the first quarter of fiscal 2027.
- The company reported a 17% year-over-year increase in revenue, reaching $418 million.
- First-quarter ARR reached $1.901 billion, up 12% year over year, driven by $49 million of net new ARR.
- UiPath Inc (PATH) achieved first-quarter GAAP profitability for the first time in company history.
- The company is seeing strong momentum with its AI products, with 16 out of the top 20 deals including AI components.
- The macroeconomic environment remains variable, which could impact future performance.
- Attrition is concentrated among the smallest customers, which could affect overall customer growth.
- The dollar-based net retention rate was 109%, indicating some stabilization but still room for improvement.
- There is a potential FX headwind impacting ARR and revenue, which could affect financial results.
- The company faces challenges in maintaining operational efficiency while continuing to invest in R&D and customer-facing functions.
Good day, everyone. My name is Megan, and I will be your conference operator today. At this time, I would like to welcome you to the UiPath first-quarter 2027 earnings conference call. (Operator Instructions)
At this time, I would like to turn the call over to Allise Furlani, Vice President of Investor Relations.
Good afternoon, and thank you for joining us today to review UiPath's first-quarter fiscal 2027 financial results, which we announced in our earnings press release issued after the close of the market today.
On the call with me are Daniel Dines, Founder and Chief Executive Officer; and Ashim Gupta, Chief Operating and Financial Officer, to deliver our prepared comments and answer questions.
Our earnings press release and financial supplemental materials are posted on the UiPath Investor Relations website. These materials include GAAP to non-GAAP reconciliations. We will be discussing non-GAAP metrics on today's call.
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