A few positives to counter the worst case UiPath SaaSmageddon scenario playing out….

– The company was also dollar cost averaging in from January 31st – March 10th and bought about $171M worth of its own shares at about $12.11. Can’t imagine they are buying their own shares if they think their own company stinks and has no future.

– They will also be purchasing an additional $500M of shares offset by about 18% of revenue for employee stock based compensation, so about half will accrete to outside shareholders or about $250M

– They ended the fiscal year with $1.7B in cash equivalents and $0 debt – not too shabby for a $6B company that is growing revenue at a minimum 9% and will have non-GAAP operating income of about $415M. That’s almost a 7% yield if you bought the whole company outright.