
UiPath Inc (NYSE:PATH) shares are trading higher Thursday after the company reported better-than-expected financial results and issued guidance above analyst estimates.
UiPath said first-quarter revenue increased 32% year-over-year to $245.1 million, which beat the estimate of $225.26 million, according to data from Benzinga Pro. The company reported a quarterly loss of 3 cents per share, which beat the estimate for a loss of 5 cents per share.