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UiPath, Inc. (NYSE: PATH) announced its third quarter fiscal 2024 financial results, with revenue of $326 million and ARR of $1.378 billion, both increasing 24 percent year-over-year. The company’s platform release, 2023.10, delivered new capabilities to accelerate productivity and drive business outcomes for customers. UiPath also reported a GAAP gross margin of 85 percent, non-GAAP gross margin of 87 percent, GAAP operating loss of $(56) million, and non-GAAP operating income of $44 million. Net cash flow from operations was $42 million and non-GAAP adjusted free cash flow was $44 million.
