UiPath’s revenue is accelerating, and the stock is still considered cheap despite a recent surge. The company reported a 16% year-over-year revenue increase to $411 million for the fiscal third quarter, exceeding analyst expectations. With an annualized renewal run rate of $1.78 billion, UiPath continues to see growth within its existing customer base.

The company’s AI orchestration platform is gaining traction, with over 950 companies creating AI agents using its platform. UiPath’s Maestro has orchestrated more than 365,000 processes, showcasing its potential in the AI space. Integrations with top AI companies like Nvidia, Alphabet, and Microsoft are driving innovation and growth for the company.

UiPath’s adjusted earnings per share increased by 45% to $0.16, surpassing expectations. The company generated $28 million in operating cash flow and free cash flow, ending the quarter with $1.5 billion in cash and marketable securities. Looking forward, UiPath forecasts fourth-quarter revenue between $462 million to $467 million.

After the return of founder Daniel Dines as CEO, UiPath has stabilized its business and is now focusing on growth opportunities in the Agentic AI market. With a platform that can coordinate various AI agents, the company is poised for significant growth. UiPath’s background in RPA also positions it well to offer cost-effective solutions to customers.

UiPath’s stock is still considered inexpensive, trading at a forward price-to-sales ratio of 5.4. With the potential for continued growth and a strong financial position, it may be a good time to consider investing in UiPath. The company’s momentum in the AI space and its ability to capitalize on emerging opportunities make it an attractive investment option.

Read more at Yahoo Finance: UiPath Shares Surge. Is It Too Late to Buy the Stock?