UiPath Inc. shares rose in the extended session Wednesday after some initial volatility after the AI startup beat on earnings and announced share buybacks amid a conservative forecast.
For the third quarter, the company forecast revenue between $313 million and $318 million, and for the year, revenue between $1.27 billion and $1.28 billion. “We’re executing what continues to be a variable environment,” Ashim Gupta, UiPath’s chief financial officer, told MarketWatch in an interview before the conference call with analysts.
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