Why UiPath Stock Plunged Today
AI-powered challengers could slow the business software provider's growth.
Overview
Shares of UiPath (NYSE: PATH) fell on Friday after the automation specialist's quarterly results failed to assuage investors' fears regarding the threats posed by formidable new rivals.
Image source: Getty Images.
UiPath's revenue rose 13% year over year to $410 million in its fiscal 2027 second quarter, which ended on July 31. Its adjusted operating income, in turn, surged 43% to $89 million.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.