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.
His deep understanding of the market and commitment to innovation make him the ideal candidate for this strategic role and I have no doubt he will successfully guide our next phase of growth and momentum in the region.