UiPath performed significantly better in the third quarter of fiscal year 2026 (ending October 31) than a year earlier. Revenue rose to $411 million, while the company turned from a small loss to a clear profit. This profit growth is mainly due to a higher gross margin and tight cost control. Importantly, recurring cloud revenue continues to grow. Agent-based automation and broader use of AI features are attracting new customers. Partnerships with Microsoft, Deloitte, and other cloud players are also helping to drive growth.
One of the biggest recent challenges we hear from many of you is around virtualization costs - licenses, fees are skyrocketing. You're faced with rigid architecture and upcoming deadlines and single vendor runtime models are becoming harder to adapt and afford. It is not enough to lift and shift to the public cloud. You need a cloud model and experience everywhere.