
Freshworks Inc. (NASDAQ: FRSH) reported strong third-quarter results, leading to an upward revision of its annual revenue and profit forecasts. The company achieved a solid upside in its Q3 performance, with a revenue guidance for the fourth quarter projected between $187.8 million and $190.8 million, reflecting a year-over-year growth of 17% to 19%. The results were bolstered by a significant demand for its AI-driven products, contributing to a free cash flow (FCF) upside of approximately 25% in Q3. Following the announcement, Freshworks' shares surged by over 15% in after-hours trading, with pre-market trading showing an increase of 21.5%. Additionally, the company announced a $400 million buyback plan and a guidance for 2025 free cash flow that is expected to exceed market expectations by nearly 30%. Freshworks has consistently performed well operationally despite challenging macroeconomic conditions, distinguishing itself from many other small to medium-sized business software firms.
$FRSH (+21.5% pre) Freshworks’s (NASDAQ:FRSH) Q3 Sales Beat Estimates, Stock Jumps https://t.co/VFfyCtO7OA
Freshworks raised its annual revenue and profit forecasts on Wednesday after upbeat third-quarter results, helped by demand for its AI-driven products, sending its shares up more than 15% in extended trading. https://t.co/TukaBDM9Ws
$FRSH Guidance: "For the fourth quarter of 2024, we expect revenue to be in the range of $187.8 million to $190.8 million, growing 17% to 19% year-over-year. This includes approximately $4 million from Device42 for the quarter. Non-GAAP income from operations to be in a range of… https://t.co/cojkh5gSIo