Reports Q2 Revenue Up 13%, Announces CFO Appointment and Board Member

UiPath reported its second quarter fiscal year 2027 financial results, showing revenues of $410 million. This figure represents a 13.3% increase compared to the $361.728 million reported in the second quarter of fiscal year 2026. The company achieved a GAAP gross margin of 80% for the quarter. Diluted earnings per share for the quarter were $0.07.

The company also provided guidance for the upcoming periods. For the third quarter of fiscal year 2027, UiPath anticipates revenue to be in the range of $440 million to $445 million and non-GAAP operating income of approximately $100 million. Looking ahead to the full fiscal year 2027, the company expects revenue between $1.789 billion and $1.794 billion, with non-GAAP operating income projected at approximately $445 million.

In other company news, UiPath announced leadership changes and a new board member. Hitesh Ramani, who previously served as Deputy CFO and Chief Accounting Officer since April 2021, has been promoted to Chief Financial Officer, effective September 3, 2026. In this role, he will receive a base salary of $470,000 and a target annual performance-based bonus of 50% of his base salary. Concurrently, Yazdi Bagli was appointed to the Board of Directors, increasing its size from seven to eight members, effective September 3, 2026. Mr. Bagli is Executive Vice President of Information Technology and Enterprise Business Services for Kaiser Permanente.

Further executive changes include Ashim Gupta transitioning from CFO to solely focus on his role as Chief Operating Officer, a position he has held since 2024. Brad Brubaker has been appointed Chief Legal & Administrative Officer, expanding his previous role as Chief Legal Officer. Additionally, Daniel Dines, UiPath's CEO, founder, and Chairman, adopted a 10b5-1 trading plan to sell up to 5,000,000 shares of Class A common stock through February 1, 2027, for personal tax, asset diversification, and liquidity purposes.