05:57 AM EDT, 03/14/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

UiPath's ( PATH ) shares jumped over 7% in premarket activity Thursday after the company reported higher earnings and sales in fiscal Q4, beating market expectations.

The company reported fiscal Q4 non-GAAP earnings late Wednesday of $0.22 per diluted share, up from $0.15 a year earlier.

Analysts polled by Capital IQ expected $0.16.

Revenue for the quarter ended Jan. 31 was $405.3 million, up from $308.5 million a year earlier.

Analysts surveyed by Capital IQ expected $383.7 million.

For Q1, UiPath ( PATH ) is projecting revenue of $330 million to $335 million compared with the analyst consensus expecting $347.9 million. The company is expecting fiscal 2025 revenue between $1.55 billion to $1.56 billion. Analysts polled by Capital IQ expect $1.53 billion.

Price: 26.28, Change: +1.85, Percent Change: +7.57