$PATH (UIPATH) — 8-K: UiPath Q2 revenue hits $410 million, up 13% YoY; ARR reaches $1.938 billion

Revenue of $410 million increased 13 percent year-over-year. ARR of $1.938 billion increased 12 percent year-over-year, with net new ARR of $37 million and dollar based net retention rate of 109 percent. GAAP operating income was $32 million and non-GAAP operating income was $89 million. UiPath also announced leadership changes: Ashim Gupta will focus solely on COO duties, Hitesh Ramani was promoted to CFO, and Yazdi Bagli joined the Board of Directors.

Revenue of $410 million increased 13 percent year-over-year. ARR of $1.938 billion increased 12 percent year-over-year, with net new ARR of $37 million and dollar based net retention rate of 109 percent. GAAP operating income was $32 million and non-GAAP operating income was $89 million. UiPath also announced leadership changes: Ashim Gupta will focus solely on COO duties, Hitesh Ramani was promoted to CFO, and Yazdi Bagli joined the Board of Directors.