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The business software solutions provider delivered solid second-quarter performance. Its profitability was more than three times higher than the average analyst estimate.
Freshworks Inc. (NASDAQ:FRSH ) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Corporate Participants Joon Huh - Vice President of Investor Relations Girish Mathrubootham - Chief Executive Officer Dennis Woodside - President Tyler Sloat - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler Ryan MacWilliams - Barclays Pinjalim Bora - JPMorgan Brian Peterson - Raymond James Patrick Walravens - JMP Securities DJ Hynes - Canaccord Genuity Elizabeth Porter - Morgan Stanley Taylor McGinnis - UBS Adam Bergere - Bank of America Alex Zukin - Wolfe Research Rob Oliver - Baird Brian Schwartz - Oppenheimer & Company Brent Thill - Jefferies Scott Berg - Needham & Company Nick Altmann - Scotiabank Operator Hello and thank you for standing by. Welcome to the Freshworks' Second Quarter 2023 Earnings Conference Call.
Freshworks Inc. (FRSH) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.06 per share a year ago.
Freshworks CEO Mathrubootham: One of the biggest changes this quarter was the excitement around A.I.
Girish Mathrubootham, Freshworks founder and CEO, joins 'Closing Bell Overtime' to talk Freshworks' quarterly results, the A.I. boom and more.
SAN MATEO, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH) will announce its financial results for the second quarter ended June 30, 2023 following the close of market on Tuesday, August 1, 2023. 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.
Since Freshworks Inc.'s IPO, its revenue growth rates have significantly slowed down as its customer adoption curve moderated. There is a crown jewel in the Freshworks story, however, in that it has a lot of cash and is free cash flow positive. This may be a good time to consider Freshworks as investor expectations reset.
Freshworks CEO Girish Mathrubootham joins Caroline Hyde and Ed Ludlow to discuss how the company's latest products are leveraging generative AI, why it is important to democratize access to the power of AI and why India is a force to look out for in AI innovation. -------- Like this video?
FRSH delivered strong financial results, with 1Q23 revenue growth of 23% surpassing guidance. The company revised its FY23 revenue guidance upward based on this performance. Improved EBIT margin through cost optimization initiatives indicates management's focus on efficiency. FRSH also achieved an NRR of 108% in 1Q23, exceeding its own guidance.
SAN MATEO, Calif., May 12, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ: FRSH) today announced participation in the following events:
Freshworks Inc. (NASDAQ:FRSH ) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Company Participants Joon Huh - VP of IR Girish Mathrubootham - CEO Dennis Woodside - President Tyler Sloat - CFO Conference Call Participants Elizabeth Porter - Morgan Stanley Brent Thill - Jefferies Pinjalim Bora - JPMorgan Adam Bergere - Bank of America Brent Bracelin - Piper Sandler Brian Peterson - Raymond James Pat Walravens - JMP Securities Ryan MacWilliams - Barclays Nick Altmann - Scotiabank Brett Knoblauch - Cantor Fitzgerald Operator Good day and thank you for standing by. Welcome to the Freshworks' First Quarter 2023 Earnings Conference Call.