05:08 PM EDT, 09/05/2024 (MT Newswires) -- UiPath ( PATH ) reported fiscal Q2 non-GAAP net income late Thursday of $0.04 per diluted share, down from $0.09 per share a year earlier.

Analysts polled by Capital IQ expected $0.03.

Revenue for the quarter ended July 31 was $316.3 million, up from $287.3 million a year earlier.

Analysts polled by Capital IQ expected $303.7 million.

The company expects fiscal Q3 revenue of $345 million to $350 million. Analysts are looking for $347.2 million.

UiPath ( PATH ) said it now expects fiscal 2025 revenue of $1.42 billion to $1.43 billion, compared with its prior forecast of $1.405 billion to $1.41 billion. Analysts polled by Capital IQ are expecting $1.41 billion.

The firm said it board has approved a $500 million share repurchase program.

The company's shares were up more than 7% in after-hours trading.

Price: 13.67, Change: +0.93, Percent Change: +7.30