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Could the Labor Shortage Benefit This Software Robot Automation Company?

By Jose Najarro – Dec 14, 2021 at 10:00AM

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UiPath increases its full-year guidance.

Today's video focuses on UiPath (PATH 5.28%), recent news affecting the company, and its earnings, reported Dec. 9. Here are some highlights from the video.

  1. UiPath reported a total of $813 million in annualized renewal run rate (ARR), up 58% year over year (YOY), driven by roughly $92 million of net new ARR this quarter. Management believes that the current labor shortage could be a tailwind for automation companies. UiPath also increased its full-year ARR forecast to $902 million, up from the $888 million guidance it gave last quarter. 
  2. UiPath global customers grew 23% YOY, to over 9,630. There was also growth in the amount of money customers are willing to spend. Customers with over $100,000 and $1 million of ARR have grown sequentially and yearly. 
  3. UiPath continues to be a leader in the RPA market. This quarter, UiPath continues to show how it maintains that role, making numerous technical partnerships with growing companies like Crowdstrike (CRWD 4.21%), winning multiple recognition awards, and maintaining a stable learning environment for future developers. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the after-market prices of Dec. 10, 2021. The video was published on Dec. 10, 2021.

Jose Najarro owns CrowdStrike Holdings, Inc. The Motley Fool owns and recommends CrowdStrike Holdings, Inc. The Motley Fool has a disclosure policyJose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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