RBC Capital analysts provided their outlook on UiPath Inc. (NYSE:PATH) ahead of the upcoming Q1/24 earnings, expected to be reported on Wednesday.
The analysts expect a slight upside to Q1 results vs. consensus ARR/revenue of $1.247 billion/$271 million or 28%/11% growth which is in line with guidance.
As for guidance, the fiscal 2024 ARR midpoint is $1.427.5 billion or 18.6% growth, which points to a net new ARR of $224 million or down 20% year-over-year. Additionally, 2024 midpoint revenue was guided to $1.255.5 billion, or up 18.6%, similar to 2023 revenue growth.
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