Freshworks Reports Third Quarter 2024 Results San Mateo, Calif. – November 6, 2024 – Freshworks Inc. (NASDAQ: FRSH), the provider of people-first AI service software, today announced financial results for its third quarter ended September 30, 2024. "Freshworks delivered a strong third quarter, with revenue growing 22% year over year to $186.6 million, net cash provided by operating activities margin improving to 23%, and free cash flow margin improving to 21%," said Dennis Woodside, CEO & President of Fresh ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Freshworks Inc. (FRSH) . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat. This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 29. ...

Core Viewpoint - Freshworks Inc. is set to announce its financial results for the third quarter of 2024 on November 6, 2024, after market close, followed by a live audio webcast to discuss the results and business highlights [1][2]. Company Overview - Freshworks Inc. (NASDAQ: FRSH) provides AI-powered customer and employee-service solutions aimed at enhancing efficiency and engagement for companies of all sizes, resulting in improved customer satisfaction and employee productivity [3]. - The company is headquartered in San Mateo, California, and serves over 68,000 customers globally, including notable clients such as American Express, Bridgestone, Databricks, Fila, Nucor, and Sony [3].

Maskot Investment action I recommended a hold rating for Freshworks (NASDAQ:FRSH) when I wrote about it in May, as I expected the macro environment to continue impacting FRSH, in particular, the near-term performance. Based on my current outlook and analysis, I recommend a buy rating. I believe the upside potential is attractive if an investor has a medium-term investment horizon (i.e., look past near-term weakness). Growth should be able to sustain at 20% as the macro environment recovers with the upcoming ...

This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Freshwork has underperformed the market so far this year, the question that com ...

Our other material cash requirements are related to the settlement of future contractual obligations associated with operating leases and other service subscription agreements (as described in Contractual Obligations and Commitments below). | --- | --- | --- | --- | |-------------------------------------------------------------------|----------------|-----------------------------------|----------------------------| | Net cash provided by operating activities | Six \n2024 \n$ | Months Ended \n \n76,955 $ | J ...

Second Quarter 2024 Financial Summary Results San Mateo, Calif. – July 30, 2024 – Freshworks Inc. (NASDAQ: FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its second quarter ended June 30, 2024. • Revenue: Total revenue was $174.1 million, representing growth of 20% compared to the second quarter of 2023, and 20% adjusting for constant currency. • GAAP Net (Loss) Per Share: GAAP basic and diluted net (loss) per share was ...

"Freshworks delivered a solid Q2, growing revenue to $174.1 million with a free cash flow margin of 19%," said Dennis Woodside, CEO & President of Freshworks. "Our results reflect our increasing financial discipline and our ability to meet the needs of customers with our AI-powered solutions. With clear strategic priorities in place, we are well positioned to seize the massive opportunity in front of us." Revenue: Total revenue was $174.1 million, representing growth of 20% compared to the second quarter of ...

Data by YCharts The bull case for Freshworks Freshworks portfolio (Freshworks Q1 earnings deck) Freshworks customers (Freshworks Q1 earnings deck) Valuation advantage And for next year FY25, Wall Street analysts have a consensus revenue target of $821.5 million for the company, representing 17% y/y growth. This puts Freshworks' valuation multiples at: Data by YCharts Despite the sharp YTD drop, we can find no major red flags in Freshworks' financials. Freshworks net revenue retention trends (Freshworks Q1 e ...

Return on AI: Productivity gains equivalent to a month each year Freshworks' survey found knowledge workers are achieving impressive productivity gains from using AI at work. Employees estimate that using AI helps them reduce their existing workload by 3 hours and 47 minutes in a typical work week, by helping them complete tasks such as summarizing issues and suggesting the next steps to handling repetitive tasks. By freeing up nearly 24 business days – or just over one month of work per year – employees ca ...