On Thursday, UiPath revealed second-quarter earnings that above Wall Street forecasts, and the software developer increased the amount of its share repurchase program by $500 million.  

In the wake of the revelation, UiPath rose by almost 9%.

On $316 million in sales, UiPath reported adjusted profits per share of $0.04. Investing.com polled analysts, who predicted EPS of $0.03 on $303.7M in revenue.

In Q2 of last year, annual recurring revenue increased by 18% to $1.55 billion.

The business projected sales for the third quarter of $345 million to $350 million, in line with projections of $347.31 million.

Looking ahead, the business projected sales for the entire year 2025 to be between $1.42 billion and $1.43 billion.

The business also disclosed that effective September 5, Ashim Gupta, Chief Financial Officer, will assume a more extended position as Chief Operating Officer.

(Sources: investing.com, reuters.com)