Enterprise automation software company UiPath experienced a significant surge in stock value, rising by more than 26% following the release of its quarterly earnings report. The company exceeded Wall Street’s expectations for both revenue and earnings per share. UiPath also raised its outlook for annual recurring revenue, which grew by 24% year over year. Analysts praised UiPath’s success, crediting its focus on big clients and strategic expansion into new verticals. Additionally, the integration of generative artificial intelligence was cited as a driving factor behind the company’s widespread adoption.