Reported 4 months ago
In the earnings call, it was noted that there were challenges such as slowing sales cycles for large multiyear deals, impacted by macroeconomic environment and execution issues. UiPath's CEO, Daniel Dines, mentioned a customer-centric approach, emphasizing product innovation and partnerships with companies like SAP and Microsoft to drive growth. The CFO, Ashim Gupta, highlighted the impact of ASC 606 accounting on revenue and margin differences. Despite challenges, they remain committed to efficiency, growth, and generating strong free cash flow. The departure of Rob Enslin was cited as a personal decision, with Daniel Dines now committed to the CEO role for the foreseeable future.
Source: YAHOO