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Best Growth Stocks to Buy for February 19th
ZACKS· 2025-02-19 09:25
Group 1: Pitney Bowes Inc. (PBI) - The company has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 15.2% over the last 60 days [1] - Pitney Bowes has a PEG ratio of 0.58, significantly lower than the industry average of 2.63, and possesses a Growth Score of A [1] Group 2: Life Time Group Holdings, Inc. (LTH) - The company also holds a Zacks Rank of 1, suggesting robust growth prospects [2] - The Zacks Consensus Estimate for its current year earnings has risen by 9.3% over the last 60 days [2] - Life Time Group Holdings has a PEG ratio of 0.68, compared to the industry average of 0.92, and has a Growth Score of B [2] Group 3: Freshworks Inc. (FRSH) - Freshworks carries a Zacks Rank of 1, indicating strong growth potential [3] - The Zacks Consensus Estimate for its current year earnings has increased by 6% over the last 60 days [3] - The company has a PEG ratio of 0.96, lower than the industry average of 1.67, and possesses a Growth Score of A [3]
Freshworks: Great Value On This Dip, Deceleration Might Not Be As Sharp As Feared
Seeking Alpha· 2025-02-14 03:09
With the stock markets bouncing around nervously around all-time highs and a volatile earnings season underway, I think it’s prudent for investors to adopt a more risk-aware mindset. Actions I’m taking include reducing my exposure to equities (by around 20% and shiftingWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry t ...
Freshworks(FRSH) - 2024 Q4 - Earnings Call Presentation
2025-02-12 04:09
Q4 2024 Earnings Presentation February 11, 2025 © 2025 Freshworks Inc. All rights reserved. Disclaimer This presentation has been prepared by Freshworks Inc. ("Freshworks") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise, or representation by Freshworks or any officer, director, employee, agent, or advisor of Freshworks. This presentation does not purport to be all inclusive or to contain all of th ...
Freshworks(FRSH) - 2024 Q4 - Earnings Call Transcript
2025-02-12 04:08
Financial Data and Key Metrics Changes - In Q4 2024, revenue grew 22% year-over-year to $194.6 million, exceeding previous estimates [11][52] - Non-GAAP operating margin improved to 21%, an increase of 800 basis points quarter-over-quarter [50][56] - Adjusted free cash flow reached $41.7 million, resulting in a free cash flow margin of 21% for the quarter [11][63] Business Line Data and Key Metrics Changes - Employee Experience (EX) business surpassed $400 million in ARR, growing 35% year-over-year on a constant currency basis [15][54] - Customer Experience (CX) business generated over $360 million in ARR, growing at 7% year-over-year on a constant currency basis [36][55] - Professional Services revenue contributed $2.4 million, while Device42 revenue was approximately $10.3 million for the quarter [53] Market Data and Key Metrics Changes - Over 72,200 total customers were reported, with a net addition of over 2,600 customers in Q4 [11][60] - Net dollar retention was 105% on a constant currency basis, with expectations of approximately 104% for Q1 2025 [58][108] - The number of customers contributing more than $5,000 in ARR grew 11% year-over-year [58] Company Strategy and Development Direction - The company is focusing on investing in EX, enhancing AI capabilities across products, and accelerating growth in CX solutions [13][14] - A strategic partnership with Unisys aims to enhance market reach and service offerings [46][98] - The company is committed to maintaining a balance between operational efficiency and growth investments [89][133] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth in the EX business, particularly in the mid-market segment [81][84] - The company anticipates continued momentum in AI adoption, which is expected to drive future growth [30][106] - The outlook for Q1 2025 includes revenue expectations of $190 million to $193 million, reflecting a growth rate of 15% to 17% year-over-year [70][71] Other Important Information - The company repurchased $15.5 million of its shares in Q4 as part of a $400 million stock repurchase program [65] - Cash, cash equivalents, and marketable securities totaled $1.07 billion at the end of the quarter [68] Q&A Session Summary Question: Growth potential in EX business - Management believes the EX business has significant growth potential, particularly in the mid-market segment, and is seeing a shift from legacy providers to Freshworks [78][80] Question: Balancing investments and M&A opportunities - The company plans to continue focusing on operational efficiency while exploring inorganic growth opportunities as they arise [85][89] Question: Customer additions and IT ESM business performance - Management noted that FX impacts and a strong prior year affected the number of customers contributing over $50,000 in revenue, but they are seeing strong upmarket momentum [92][94] Question: MSP opportunity with Unisys - The partnership with Unisys is expected to evolve into a managed service provider opportunity, with ongoing investments in MSP functionality [96][99] Question: NRR outlook and AI innovation cycle - Management indicated that the innovation cycle around AI is just beginning, with expectations for growth in net dollar retention as AI products gain traction [102][106] Question: SMB demand environment - Demand in the SMB segment is stable to improving, with AI helping to enhance efficiency and effectiveness [111][113] Question: Guidance for CX and Freshservice - The company expects to see tougher revenue comparisons in the second half of 2025 due to the Device42 acquisition anniversary [118][120]
Freshworks Inc. (FRSH) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-02-11 23:51
Freshworks Inc. (FRSH) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.11, delivering a surprise of 37.50%.Over the last four quarters, the company has ...
Freshworks(FRSH) - 2024 Q4 - Annual Results
2025-02-11 21:18
[Fourth Quarter and Full Year 2024 Results Overview](index=1&type=section&id=Fourth%20Quarter%20and%20Full%20Year%202024%20Results%20Overview) Freshworks achieved strong financial performance in Q4 and full year 2024, exceeding expectations with significant revenue growth and improved profitability [Fourth Quarter 2024 Financial Summary Results](index=1&type=section&id=Fourth%20Quarter%202024%20Financial%20Summary%20Results) Freshworks exceeded Q4 2024 expectations, reporting **22% revenue growth** to **$194.6 million** and **21%** operating and adjusted free cash flow margins - Freshworks CEO and President Dennis Woodside stated the company once again exceeded key metric expectations in the fourth quarter, achieving **22% year-over-year revenue growth** to **$194.6 million**, with an operating cash flow margin of **21%** and an adjusted free cash flow margin of **21%**[2](index=2&type=chunk) Key Financial Data for Fourth Quarter 2024 | Metric | Q4 2024 | Q4 2023 | Y/Y Change | | :-------------------------------- | :---------- | :---------- | :--------- | | Revenue | $194.6 Million | $160.1 Million | +22% | | GAAP Operating (Loss) | $(23.8) Million | $(40.0) Million | Loss narrowed | | Non-GAAP Operating Income | $40.3 Million | $11.5 Million | +250.4% | | GAAP EPS (Loss) | $(0.07) | $(0.09) | Loss narrowed | | Non-GAAP Diluted Net Income Per Share | $0.14 | $0.08 | +75% | | Net Cash Provided by Operating Activities | $41.4 Million | $30.9 Million | +34% | | Adjusted Free Cash Flow | $41.7 Million | $28.6 Million | +45.8% | | Cash, Cash Equivalents, and Marketable Securities (as of Dec 31, 2024) | $1.07 Billion | N/A | N/A | [Full Year 2024 Financial Summary Results](index=1&type=section&id=Full%20Year%202024%20Financial%20Summary%20Results) Freshworks achieved significant revenue growth and improved profitability in FY2024, with **21% revenue growth** to **$720.4 million** and non-GAAP operating income up **122.7%** Key Financial Data for Full Year 2024 | Metric | Full Year 2024 | Full Year 2023 | Y/Y Change | | :-------------------------------- | :---------- | :---------- | :--------- | | Revenue | $720.4 Million | $596.4 Million | +21% | | GAAP Operating (Loss) | $(138.6) Million | $(170.2) Million | Loss narrowed | | Non-GAAP Operating Income | $99.1 Million | $44.5 Million | +122.7% | | GAAP EPS (Loss) | $(0.32) | $(0.47) | Loss narrowed | | Non-GAAP Diluted Net Income Per Share | $0.43 | $0.26 | +65.4% | | Net Cash Provided by Operating Activities | $160.6 Million | $86.2 Million | +86.3% | | Adjusted Free Cash Flow | $153.3 Million | $77.8 Million | +97% | [Fourth Quarter Key Metrics and Recent Business Highlights](index=2&type=section&id=Fourth%20Quarter%20Key%20Metrics%20and%20Recent%20Business%20Highlights) Freshworks advanced customer growth and strategic partnerships in Q4 2024, reporting **11% year-over-year growth** in customers with **ARR over $5,000** and new executive appointments Key Operating Metrics for Fourth Quarter 2024 | Metric | Q4 2024 | Y/Y Growth | | :-------------------------------- | :---------- | :--------- | | Customers with ARR over $5,000 | 22,558 | +11% (13% constant currency) | | Net Dollar Retention Rate | 103% | -5% (QoQ vs Q3 2024) | | Net Dollar Retention Rate (Constant Currency) | 105% | -2% (QoQ vs Q3 2024) | - Recent business highlights include new customer additions such as New Balance, Rawlings Sporting Goods, Sophos, Onfido, and Mesa Airlines, the appointment of Srinivasan Raghavan as Chief Product Officer and Venkitesh Subramanian as SVP of Customer Experience Product Management, and a new strategic agreement with global systems integrator partner Unisys[8](index=8&type=chunk) [Financial Outlook](index=3&type=section&id=Financial%20Outlook) Freshworks provides financial guidance for Q1 and full year 2025, projecting continued revenue growth and sustained non-GAAP profitability [First Quarter and Full Year 2025 Guidance](index=3&type=section&id=First%20Quarter%20and%20Full%20Year%202025%20Guidance) Freshworks provided financial expectations for Q1 and full year 2025, projecting continued revenue growth and sustained non-GAAP operating income and net income per share Financial Outlook for First Quarter and Full Year 2025 | Metric (in Millions, except per share data) | Q1 2025 | Full Year 2025 | | :-------------------------------- | :--------------- | :----------- | | Revenue | $190.0 - $193.0 | $809.0 - $821.0 | | Year-over-Year Growth | 15% - 17% | 12% - 14% | | Year-over-Year Growth (Constant Currency) | 16% - 18% | 13% - 15% | | Non-GAAP Operating Income | $32.5 - $34.5 | $131.0 - $139.0 | | Non-GAAP Diluted Net Income Per Share | $0.12 - $0.14 | $0.52 - $0.54 | [Non-GAAP Financial Measures and Operating Metrics](index=4&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Operating%20Metrics) This section defines Freshworks' non-GAAP financial measures and key operating metrics, detailing adjustments and their relevance for performance assessment [Explanation of Non-GAAP Financial Measures](index=4&type=section&id=Explanation%20of%20Non-GAAP%20Financial%20Measures) Freshworks uses non-GAAP financial measures to assess business performance, excluding non-cash or non-recurring items like stock-based compensation and acquisition amortization for a clearer operational view - The company uses non-GAAP metrics as part of its overall performance assessment, including annual operating budgets, quarterly forecasts, evaluating business strategy effectiveness, and communicating financial performance to the board, aiming to provide consistency and comparability with past financial performance[15](index=15&type=chunk) - Limitations of non-GAAP metrics include potential differences from those used by other companies, limiting comparability, which the company addresses by providing specific information on GAAP items excluded from these non-GAAP financial measures[16](index=16&type=chunk) - Items excluded from non-GAAP financial measures include stock-based compensation expense (non-cash, varies by company valuation methods), employer payroll taxes on employee equity transactions (dependent on stock price and other uncontrollable factors), amortization of acquired intangible assets (non-cash, influenced by acquisition timing and size), restructuring charges (primarily employee severance from November 2024 plan), and income tax effects and adjustments (excluding tax impact of above adjustments and acquisition-related tax impacts)[17](index=17&type=chunk)[22](index=22&type=chunk) - Adjusted free cash flow is defined as net cash provided by operating activities less purchases of property and equipment and capitalized internal-use software, plus restructuring charges, serving as a useful liquidity measure of the company's core business cash generation after property and equipment acquisitions[18](index=18&type=chunk) [Operating Metrics Definitions](index=5&type=section&id=Operating%20Metrics%20Definitions) Freshworks defines key operating metrics like Annual Recurring Revenue (ARR), customers with ARR over $5,000, and Net Dollar Retention Rate, with constant currency adjustments for accurate business performance - Annual Recurring Revenue (ARR) refers to the sum of subscription, software license, and maintenance revenue contractually expected to be recognized over the next 12 months from all customers at a specific point in time, assuming no additions, reductions, or cancellations of subscriptions, and revenue recognized proportionally over the contract term[19](index=19&type=chunk) - Customers with ARR over $5,000 refers to the number of business entities or individuals with one or more paid subscription products contributing over **$5,000** in ARR as of a specific date[19](index=19&type=chunk) - Net Dollar Retention Rate is calculated by dividing the ending ARR from the same cohort of customers at the end of the reporting period (including expansion from upsells, cross-sells, renewals, and acquisitions, less contractions or churn) by the beginning ARR 12 months prior[20](index=20&type=chunk) - Constant currency adjustments for operating metrics involve adjusting the growth rate of customers with ARR over $5,000 and Net Dollar Retention Rate to exclude the impact of foreign exchange rate fluctuations, converting non-USD ending ARR for the current period using the ending exchange rates from the comparable period[21](index=21&type=chunk) [Corporate Information](index=3&type=section&id=Corporate%20Information) This section provides essential corporate communications, including investor call details, forward-looking statements, and an overview of Freshworks Inc [Webcast and Conference Call Information](index=3&type=section&id=Webcast%20and%20Conference%20Call%20Information) Freshworks will host an investor conference call on February 11, 2025, to discuss financial results and business highlights, with webcast and replay services available - The company will host a conference call on February 11, 2025, at 2:00 PM PT / 5:00 PM ET, with investors able to listen to a live audio webcast via ir.freshworks.com, and an audio webcast replay available for twelve months post-conference[12](index=12&type=chunk) [Forward-Looking Statements](index=6&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements regarding future performance, financial outlook, and product value, based on current expectations but subject to various risks and uncertainties - This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, covering GAAP and non-GAAP estimates for Q1 and full year 2025, financial outlook, and product value to customers, which are based on current expectations, estimates, and projections, and are subject to various risks and uncertainties that could cause actual results to differ materially[23](index=23&type=chunk) - The company cautions investors not to place undue reliance on forward-looking statements, which speak only as of their date of issuance, and undertakes no obligation to update any forward-looking statements unless required by law[24](index=24&type=chunk) [About Freshworks Inc.](index=7&type=section&id=About%20Freshworks%20Inc.) Freshworks Inc. (NASDAQ: FRSH) provides human-centered AI-powered service software, enabling over **72,000 global businesses** to deliver exceptional customer and employee experiences - Freshworks Inc. (NASDAQ: FRSH) provides human-centered AI-powered service software, helping organizations deliver exceptional customer and employee experiences, with over **72,000 companies globally**, including American Express, Bridgestone, Databricks, Fila, Nucor, and Sony, choosing Freshworks' simple solutions to enhance efficiency and loyalty[25](index=25&type=chunk) [Condensed Consolidated Financial Statements (GAAP)](index=8&type=section&id=Condensed%20Consolidated%20Financial%20Statements%20(GAAP)) This section presents Freshworks' GAAP financial statements, including statements of operations, balance sheets, and cash flows, for the reported periods [Statements of Operations](index=8&type=section&id=Statements%20of%20Operations) Freshworks' condensed consolidated statements of operations present GAAP financial performance for Q4 and full year 2024, including revenue, gross profit, operating expenses, and net loss Condensed Consolidated Statements of Operations (Selected Data, in Thousands) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | Revenue | $194,571 | $160,111 | $720,420 | $596,432 | | Cost of Revenue | $29,459 | $27,009 | $113,330 | $103,369 | | Gross Profit | $165,112 | $133,102 | $607,090 | $493,063 | | Total Operating Expenses | $188,904 | $173,143 | $745,700 | $663,235 | | Operating Loss | $(23,792) | $(40,041) | $(138,610) | $(170,172) | | Net Loss | $(21,900) | $(28,081) | $(95,368) | $(137,436) | | Net Loss Per Share - Basic and Diluted | $(0.07) | $(0.09) | $(0.32) | $(0.47) | [Balance Sheets](index=9&type=section&id=Balance%20Sheets) Freshworks' condensed consolidated balance sheets detail the financial position as of December 31, 2024, including assets, liabilities, and stockholders' equity Condensed Consolidated Balance Sheets (Selected Data, in Thousands) | Metric | Dec 31, 2024 | Dec 31, 2023 | | :-------------------------------- | :------------- | :------------- | | Cash and cash equivalents | $620,315 | $48 | | Marketable securities | $449,750 | $69 | | Accounts receivable, net | $122,910 | $9 | | Deferred contract acquisition costs | $26,106 | $2 | | Prepaid expenses and other current assets | $46,346 | $4 | | Total current assets | $1,265,427 | N/A | | Property and equipment, net | $25,893 | $2 | | Operating lease right-of-use assets | $36,891 | $3 | | Deferred contract acquisition costs, non-current | $22,534 | $1 | | Goodwill | $147,014 | N/A | | Intangible assets, net | $90,840 | N/A | | Deferred tax assets | $8,499 | $1 | | Other assets | $14,786 | N/A | | Total assets | $1,611,884 | N/A | | Accounts payable | $1,619 | N/A | | Accrued liabilities | $81,933 | $5 | | Deferred revenue | $323,435 | $26 | | Income taxes payable | $728 | N/A | | Total current liabilities | $407,715 | $32 | | Operating lease liabilities, non-current | $30,221 | $2 | | Other liabilities | $36,027 | $3 | | Total liabilities | $473,963 | $38 | | Common stock | $3 | N/A | | Additional paid-in capital | $4,874,133 | N/A | | Accumulated other comprehensive loss | $(338) | N/A | | Accumulated deficit | $(3,735,877) | N/A | | Total stockholders' equity | $1,137,921 | N/A | | Total liabilities and stockholders' equity | $1,611,884 | N/A | [Statements of Cash Flows](index=10&type=section&id=Statements%20of%20Cash%20Flows) Freshworks' condensed consolidated statements of cash flows detail cash generated from operating, investing, and financing activities for Q4 and full year 2024, illustrating cash generation and utilization Condensed Consolidated Statements of Cash Flows (Selected Data, in Thousands) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | Net cash provided by operating activities | $41,362 | $30,866 | $160,646 | $86,178 | | Net cash provided by investing activities | $209,148 | $12,219 | $38,803 | $158,499 | | Net cash used in financing activities | $(21,302) | $(13,210) | $(67,260) | $(60,619) | | Net increase (decrease) in cash, cash equivalents, and restricted cash | $229,208 | $29,875 | $132,189 | $184,058 | | Cash, cash equivalents, and restricted cash at end of period | $620,405 | $488,216 | $620,405 | $488,216 | [Reconciliation of GAAP to Non-GAAP Measures](index=11&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section provides detailed reconciliations between GAAP and non-GAAP financial measures for revenue, gross profit, operating expenses, net loss, and free cash flow, highlighting adjustment impacts [Revenue Reconciliation](index=11&type=section&id=Revenue%20Reconciliation) This section reconciles GAAP revenue to constant currency adjusted revenue, illustrating foreign exchange impact on revenue growth rates for Q4 and full year 2024 Revenue Reconciliation (in Thousands) | Metric | Q4 2024 | Q4 2023 | Growth Rate | Full Year 2024 | Full Year 2023 | Growth Rate | | :-------------------------------- | :-------- | :-------- | :------- | :-------- | :-------- | :------- | | GAAP Revenue | $194,571 | $160,111 | 22% | $720,420 | $596,432 | 21% | | Impact of foreign exchange rate fluctuations | $(1,044) | — | | $(1,414) | — | | | Revenue, constant currency | $193,527 | $160,111 | 21% | $719,006 | $596,432 | 21% | [Gross Profit and Operating Expenses Reconciliation](index=12&type=section&id=Gross%20Profit%20and%20Operating%20Expenses%20Reconciliation) This section reconciles GAAP gross profit and operating expenses (R&D, Sales & Marketing, G&A) to non-GAAP, adjusting for stock-based compensation, employer payroll taxes, and amortization of acquired intangibles Gross Profit Reconciliation (in Thousands) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | GAAP Gross Profit | $165,112 | $133,102 | $607,090 | $493,063 | | Non-GAAP Gross Profit | $167,945 | $134,762 | $616,705 | $500,131 | | GAAP Gross Margin | 84.9% | 83.1% | 84.3% | 82.7% | | Non-GAAP Gross Margin | 86.3% | 84.2% | 85.6% | 83.9% | Operating Expenses Reconciliation (in Thousands) | Metric | Q4 2024 (GAAP) | Q4 2024 (Non-GAAP) | Full Year 2024 (GAAP) | Full Year 2024 (Non-GAAP) | | :-------------------------------- | :--------------- | :----------------- | :--------------- | :----------------- | | Research and development | $41,028 | $31,961 | $164,590 | $122,788 | | Sales and marketing | $90,674 | $75,890 | $390,817 | $320,485 | | General and administrative | $47,538 | $19,780 | $180,629 | $74,289 | [Operating Loss and Net Loss Reconciliation](index=13&type=section&id=Operating%20Loss%20and%20Net%20Loss%20Reconciliation) This section reconciles GAAP operating loss and net loss to non-GAAP equivalents, adjusting for stock-based compensation, employer payroll taxes, acquisition amortization, restructuring charges, and income tax Operating Loss Reconciliation (in Thousands) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | GAAP Operating Loss | $(23,792) | $(40,041) | $(138,610) | $(170,172) | | Non-GAAP Operating Income | $40,314 | $11,544 | $99,143 | $44,549 | | GAAP Operating Margin | (12.2)% | (25.0)% | (19.2)% | (28.5)% | | Non-GAAP Operating Margin | 20.7% | 7.2% | 13.8% | 7.5% | Net Loss Reconciliation (in Thousands) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | GAAP Net Loss | $(21,900) | $(28,081) | $(95,368) | $(137,436) | | Non-GAAP Net Income | $42,861 | $23,285 | $130,368 | $78,683 | [Net Loss Per Share and Free Cash Flow Reconciliation](index=14&type=section&id=Net%20Loss%20Per%20Share%20and%20Free%20Cash%20Flow%20Reconciliation) This section reconciles GAAP diluted net loss per share to non-GAAP diluted net income per share, detailing adjusted free cash flow calculation and highlighting non-GAAP adjustment impacts Net Loss Per Share Reconciliation (Diluted) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | GAAP Diluted Net Loss Per Share | $(0.07) | $(0.09) | $(0.32) | $(0.47) | | Non-GAAP Diluted Net Income Per Share | $0.14 | $0.08 | $0.43 | $0.26 | Adjusted Free Cash Flow Calculation (in Thousands) | Metric | Q4 2024 | Q4 2023 | Full Year 2024 | Full Year 2023 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | Net cash provided by operating activities | $41,362 | $30,866 | $160,646 | $86,178 | | Adjusted Free Cash Flow | $41,698 | $28,591 | $153,298 | $77,838 | | Operating Cash Flow Margin | 21.3% | 22.3% | 22.3% | 14.4% | | Adjusted Free Cash Flow Margin | 21.4% | 21.3% | 21.3% | 13.1% |
Freshworks Reports Fourth Quarter and Full Year 2024 Results
Globenewswire· 2025-02-11 21:10
SAN MATEO, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Freshworks Inc. (Nasdaq: FRSH), the provider of people-first AI service software, today announced financial results for its fourth quarter and full year ended December 31, 2024. “Freshworks outperformed its previously provided estimates again in Q4 across all our key metrics, delivering another strong quarter with revenue growing 22% year over year to $194.6 million, operating cash flow margin of 21%, and an adjusted free cash flow margin of 21%,” said D ...
Freshworks (FRSH) Upgraded to Strong Buy: Here's Why (Revised)
ZACKS· 2025-01-28 00:20
Investors might want to bet on Freshworks Inc. (FRSH) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The po ...
Freshwork (FRSH) Upgraded to Strong Buy: Here's Why
ZACKS· 2025-01-17 18:01
Investors might want to bet on Freshworks Inc. (FRSH) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The po ...
Freshworks to Announce Fourth Quarter and Full Year 2024 Financial Results on February 11, 2025
Newsfilter· 2025-01-09 13:00
SAN MATEO, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) will announce its financial results for the fourth quarter and full year ended December 31, 2024 following the close of market on Tuesday, February 11, 2025. Freshworks will host a live audio webcast beginning at 2:00 p.m Pacific Time / 5:00 p.m. Eastern Time that same day to discuss the company's financial results and business highlights. Event: Freshworks Fourth Quarter and Full Year 2024 Financial Results Date: Tuesday, Fe ...