UiPath Inc. (PATH) Piper Sandler Growth Frontiers Conference (Transcript)

UiPath Inc. (NYSE:PATH) Piper Sandler Growth Frontiers Conference September 10, 2024 10:30 AM ET

Company Participants

Ashim Gupta - Chief Financial Officer

Conference Call Participants

Unidentified Company Representative

Right. Well, we've reached the bottom of the hour, so I think we're ready to go. So, my name is [indiscernible]. I'm joined here with Ashim Gupta, the CFO. [indiscernible]

Question-and-Answer Session

Q - Unidentified Analyst

So, I think most investors here understand the story, understand the name, so we don't need to go into what it is and what you do. But maybe to set the stage, Q1 was a reset quarter. We talked about execution, slips maybe a little bit, macro was tighter. Q2 was much better. Execution improved, macro stable, so help us understand what you're pointing out here?

Ashim Gupta

Yes. First, thanks for having me. When you look at the Company today, I think second quarter was about getting back to our roots, being lean, being scrappy. When we say scrappy, that means like making fast efficient decisions that are meant for the customer.

So, if you look at our evolution, I'll just step back. We're, to me, a great company, $1.5 billion, $1.551 billion of the ARR, growing 19%. We have 606 revenue accounting. So, our revenue is growing 10%, but that moves up and down. You look at it over a trailing 12-month period, correlates very good, correlates very well. We're going to generate $325 million of cash flow. We just increased that $25 million.

So, when you take a company like that and you say, from first quarter to second quarter, what were the focus areas, I would put it in three buckets. First is getting back to our roots in terms of less of a big company mindset. We've built a lot of central organizations. Central organizations do two things, one