Co-founder and CEO of UiPath Daniel Dines speaks on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin in Berlin on Dec. 12, 2019. UiPath stock popped more than 20% on Friday, one day after the company released quarterly earnings that beat Wall Street's top- and bottom-line expectations. UiPath also raised its fourth-quarter and full-year fiscal 2024 outlook for annual recurring revenue. For companies like UiPath that are reliant on subscriptions, annual recurring revenue is an important metric that reveals how much money a company receives on a recurring basis. "The weaving of Generative AI into its broadened automation platform, is driving strong adoption amongst enterprises," the analysts wrote.

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Persons: UiPath Daniel Dines, UiPath, Davidson, — CNBC's Michael Bloom Organizations: TechCrunch, Berlin, Bank of America, CNBC PRO Locations: Berlin