A Look Back at Automation Software Stocks' Q2 Earnings: UiPath (NYSE:PATH) Vs The Rest Of The Pack [Yahoo! Finance]
UiPath, Inc. Class A (PATH)
Company Research
Source: Yahoo! Finance
The whole purpose of software is to automate tasks to increase productivity. Today, innovative new software techniques, often involving AI and machine learning, are finally allowing automation that has graduated from simple one- or two-step workflows to more complex processes integral to enterprises. The result is surging demand for modern automation software. The 5 automation software stocks we track reported a satisfactory Q2. As a group, revenues beat analysts' consensus estimates by 3.3% while next quarter's revenue guidance was in line. Big picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its policy rate by 50bps (half a percent) in September 2024. Given recent employment data that suggests the US economy could be wobbling, the markets will be assessing whether this rate cut and future ones (the Fed sign
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PATH
News
- Could This Be the News UiPath Shareholders Have Been Waiting For? [Yahoo! Finance]Yahoo! Finance
- 11xAI raises $24M led by Benchmark to build AI digital employees [Yahoo! Finance]Yahoo! Finance
- 11xAI raises $24M led by Benchmark to build AI digital employees [TechCrunch]TechCrunch
- UiPath State of the Automation Professional Report Highlights 2024 as the Year of AI IntegrationBusiness Wire
- Down 52% in 2024, Is UiPath Stock a Bargain Now? [Yahoo! Finance]Yahoo! Finance
PATH
Earnings
- 9/5/24 - Beat
PATH
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 144
- 9/13/24 - Form 4
- PATH's page on the SEC website