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UiPath reports USD 360 mln in recurring revenues for 2019

UiPath, the leading enterprise Robotic Process Automation (RPA) software company founded by Romanian entrepreneurs Daniel Dines and Marius Tirca, announced on February 19 that it closed 2019 with USD 360 million in Annual Recurring Revenues (ARR). Net new ARR in the fourth quarter exceeded USD 60 mln. New ARR stands for the value of the subscription contracts signed in the given period and likely to repeat in the future periods as long as the customers ...

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