SAN MATEO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- 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 Freshworks. "We continue to see mid-market and enterprise companies choose Freshworks as the AI-powered service platform that enables them to scale with exceptional customer and employee experiences." Third Quarter 2024 Fi

SAN MATEO, Calif. and CHENNAI, India, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), the provider of people-first AI service software, today announced Freddy AI Agent – a new generation of easy-to-deploy and use autonomous service agents. Built to deliver exceptional customer experiences (CX) and employee experiences (EX), Freddy AI Agent can be deployed in minutes and has helped users in customer support and IT autonomously resolve an average of 45% and 40%1 of service requests, respectively. According to Gartner®, "by 2028, 33% of enterprise software applications will include agentic AI, enabling 15% of day-to-day work decisions to be made autonomously."2 Ahead of

SAN MATEO, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) will announce its financial results for the third quarter ended September 30, 2024 following the close of market on Wednesday, November 6, 2024. 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 Third Quarter 2024 Financial Results Date: Wednesday, November 6, 2024Time: 2:00 p.m. PT / 5:00 p.m. ETAudio webcast: https://ir.freshworks.com   A webcast replay will be accessible from the Freshworks investor relations website at https://ir.freshworks.com. The pre

SAN MATEO, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a leading software company empowering businesses to delight their customers and employees, today announced that Tyler Sloat, Chief Operating Officer and Chief Financial Officer, is scheduled to participate in a fireside chat at the Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 12, 2024 at 9:25 a.m. Pacific Time (12:25 p.m. Eastern Time). An audio webcast replay will be accessible from the Freshworks investor relations website at https://ir.freshworks.com. About Freshworks Inc.Freshworks Inc., (NASDAQ:FRSH) makes it easy for companies to delight their customers and thei

SAN MATEO, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- 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. "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." Second Quarter

SAN MATEO, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) will announce its financial results for the second quarter ended June 30, 2024 following the close of market on Tuesday, July 30, 2024. 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 Second Quarter 2024 Financial Results Date: Tuesday, July 30, 2024Time: 2:00 p.m. PT / 5:00 p.m. ETAudio webcast: https://ir.freshworks.com   A webcast replay will be accessible from the Freshworks investor relations website at https://ir.freshworks.com. The press release wi

SAN MATEO, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) released its new Global AI Workplace Report today, revealing how various workplace departments are interacting with AI since the new era of generative AI exploded into the market 18 months ago. The global survey of 7,000+ full-time employees, collected from March 9 to April 4, 2024, revealed how AI has become a tool commonly used among knowledge workers – more than half (55%) of workers surveyed said they are currently using software applications enhanced with AI at work. Moreover, nearly three in four of all workers surveyed (72%) trust AI to bring value to their work processes – and 81% of employees trust

Rocketlane champions professional services teams, the OGs of after sales experts, with an all-in-one AI powered platform to deliver the promise of sales and removes siloed project management and inefficiencies. SAN MATEO, Calif., June 25, 2024 /PRNewswire/ -- Professional services teams in companies are like the A-Team, a group of individuals who help clients extract the real value of a product or service they have purchased. They deliver on the mission of the company and the promise of the sales teams. However, today, their work is stifled by a mix-and-match of tools and legacy systems. Enabling them to succeed and thrive in their work, workflow automation platform Rocketlane is today annou

Enhances IT Asset Management Capabilities Designed to Provide Customers with a Single, Integrated Platform New Capabilities Help Customers Reduce Risk, Solve Incidents Faster SAN MATEO, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) today announced the completion of its acquisition of Device42, a company that provides comprehensive, continuously up-to-date views of assets across an organization's entire IT infrastructure. The acquisition marks a significant milestone for Freshworks, reinforcing its commitment to empowering IT teams with robust IT Asset Management (ITAM) solutions. In today's ever-changing digital world, IT teams play a major role in delivering

SAN MATEO, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ:FRSH) today announced participation in the following events: J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference: Dennis Woodside, Chief Executive Officer, is scheduled to participate in a fireside chat on Tuesday, May 21, 2024 at 6:30 a.m. Pacific Time / 9:30 a.m. Eastern TimeJefferies Software Conference: Tyler Sloat, Chief Financial Officer, is scheduled to participate in a fireside chat on Wednesday, May 29, 2024 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time An audio webcast replay will be accessible from the Freshworks investor relations website at https://ir.freshworks.com.

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Rocketlane champions professional services teams, the OGs of after sales experts, with an all-in-one AI powered platform to deliver the promise of sales and removes siloed project management and inefficiencies. SAN MATEO, Calif., June 25, 2024 /PRNewswire/ -- Professional services teams in companies are like the A-Team, a group of individuals who help clients extract the real value of a product or service they have purchased. They deliver on the mission of the company and the promise of the sales teams. However, today, their work is stifled by a mix-and-match of tools and legacy systems. Enabling them to succeed and thrive in their work, workflow automation platform Rocketlane is today annou

SAN MATEO, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) today announced the appointment of Dennis Woodside as Freshworks' Chief Executive Officer & President, effective later today. Woodside, currently Freshworks' President, will succeed Girish Mathrubootham, the company's Founder, as CEO. Mathrubootham will transition to a new role of Executive Chairman. Mathrubootham will remain the chairman of the Board of Directors, and Woodside will also remain a member of the Board of Directors.    Since founding Freshworks in 2010, Mathrubootham has transformed Freshworks from a fledgling startup in Chennai into a leading SaaS company headquartered in San Mateo, with produ

SAN MATEO, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ:FRSH) today announced the appointment of Abe Smith as the company's Chief of Global Field Operations. He will be responsible for leading field sales worldwide as Freshworks grows upmarket and new business increasingly comes from field sales. Smith brings nearly 25 years of experience at public software companies Zoom, Oracle and Cisco (WebEx), leading teams responsible for building relationships to top enterprise customers and driving more than $1 billion in revenue. "Abe is an impressive leader who has successfully scaled field sales from local to international and mid market to enterprise. This makes him excep

SAN MATEO, Calif., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) today announced the appointment of Mika Yamamoto as the company's Chief Customer and Marketing Officer. She will be responsible for leading the company's global marketing and customer experience teams. Yamamoto comes to Freshworks from F5 (NASDAQ:FFIV) where she most recently served as the Executive Vice President and the Chief Marketing and Customer Engagement Officer, and led the company's data, marketing, digital transformation, and customer experience efforts across all products, segments, channels, and geographies. "Mika's combined CMO and CXO roles have given her a unique perspective that has ultimate

SAN MATEO, Calif., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ:FRSH) today announced the appointment of Johanna Jackman as the company's new Chief People Officer (CPO). Johanna joins the executive team and reports to Freshwork's Chief Executive Officer Girish Mathrubootham and President Dennis Woodside. Jackman will be responsible for the company's global human resources strategy and operations, which oversees HR business partnerships, talent acquisition and employee development, facilities, compensation and benefits, corporate social responsibility programs, and diversity, equity and inclusion strategy. A global executive who focuses on driving business impact, Jackman has

CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced the appointment of Johanna Flower to the company's board of directors. A renowned cybersecurity, go-to-market and modern governance expert, Ms. Flower currently sits on the boards of cloud leaders like Freshworks (NASDAQ:FRSH) and ForgeRock (NYSE:FORG), as well as several high-growth private SaaS companies. She also has direct experience working closely with CrowdStrike's leadership team and board, having served as the company's first chief marketing officer and having played a key role in taking the company public in 2019. "Johanna's reputatio

SAN MATEO, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a software company empowering the people who power business, today announced the appointment of Jason Loomis as Chief Information Security Officer. With this appointment, the company bolsters its senior technical leadership as it continues to put the power of software back in the people's hands with applications easy enough for everyone to use. "Businesses need fast, easy and secure software to delight their customers and employees," said Prakash Ramamurthy, Chief Product Officer at Freshworks. "Jason brings a proven track record of operational excellence in security, at massive scale, to our team. We valu

SAN MATEO, Calif., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a software company empowering the people who power business, today announced that Dennis Woodside is joining the Company's executive leadership team as President, effective September 1, 2022. Reporting to Freshworks CEO and Founder Girish Mathrubootham in this newly created role, Woodside will be responsible for leading Freshworks' global business operations and strategy. Woodside most recently served as president of Impossible Foods where he oversaw operations, manufacturing, supply chain, sales, marketing, HR and other functions for more than three years. Previously, he was chief operating officer of Dro

SAN MATEO, Calif., March 09, 2022 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a software company empowering the people who power business, announced the launch of an enhanced partner program and the appointment of Hervé Danzelaud as vice president of Global Channel and Alliances to lead the growth of the company's partner ecosystem. Danzelaud previously served as the head of Channels and Alliances for North America. "Freshworks was created to deliver immediate value to companies who have found legacy software too complex and expensive for today's users. Our partner program attracts technology companies, resellers, system integrators and MSP that recognize the market need for native

SAN MATEO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- 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 Freshworks. "We continue to see mid-market and enterprise companies choose Freshworks as the AI-powered service platform that enables them to scale with exceptional customer and employee experiences." Third Quarter 2024 Fi

SAN MATEO, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- 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. "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." Second Quarter

First quarter revenue grew 20% year-over-year, 19% adjusting for constant currencyImproved business efficiency with $40.6 million in net cash provided by operating activities and $38.7 million of free cash flow in the quarter SAN MATEO, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its first quarter ended March 31, 2024. "Freshworks delivered 20% revenue growth with improving profitability and a strong free cash flow margin in Q1," said Girish Mathrubootham, CEO and Founder of Freshworks. "I'm particularly proud of the progress we've m

Full year revenue grew 20% year-over-year for both as reported and constant currencyFourth quarter revenue grew 20% year-over-year, 19% adjusting for constant currencyImproved business efficiency with $30.9 million in net cash provided by operating activities and $28.6 million of free cash flow in the quarter SAN MATEO, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its fourth quarter and full year ended December 31, 2023. "At Freshworks, we delivered a strong finish to the year, outperforming our financial estimates across the board i

Third quarter revenue grew 19% year-over-yearImproved business efficiency with $23.9 million in net cash provided by operating activities and $22.1 million of free cash flow in the quarterRaising full year 2023 financial outlook midpoint for non-GAAP operating profit to $40 million SAN MATEO, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its third quarter ended September 30, 2023. "We delivered another solid quarter of execution as we outperformed our estimates across our key financial metrics and further i

Second quarter revenue grew 19% year-over-year, 20% adjusting for constant currencyImproved business efficiency with $18.1 million of free cash flow in the quarterRaising full-year 2023 financial outlook midpoint for non-GAAP operating profit to $28 million San Mateo, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- 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, 2023. "Freshworks is building on the foundations we set at the start of the year to deliver faster product innovation, and improve our efficiency," said Girish Mathrubootham, CEO and Founder

First quarter revenue grew 20% year-over-year, 23% adjusting for constant currencyGenerated the first quarter of non-GAAP operating profit as a public company with $3.9 millionImproved business efficiency with $9.1 million of free cash flow in the quarterRaising full-year 2023 financial outlook midpoint for non-GAAP operating profit to $5 million SAN MATEO, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its first quarter ended March 31, 2023. "Freshworks had a strong quarter of execution in Q1," said Girish Mathrubootham, CEO and Founde

Second quarter revenue grew 37% year-over-year, 40% adjusting for constant currencyNet dollar retention rate of 111% in the second quarter, 115% adjusting for constant currency SAN MATEO, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- 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, 2022. "We delivered a solid second quarter of results with 40% year over year revenue growth on a constant currency basis," said Girish Mathrubootham, CEO and founder of Freshworks. "In a changing macro environment, I'm confident that our products will continue to provide

First quarter revenue grew 42% year over yearContinued business efficiency with $1.4 million in net cash from operating activitiesNet dollar retention rate increased to 115%, up 1 percentage point quarter-over-quarter SAN MATEO, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its first quarter ended March 31, 2022. "We're off to a strong start to the year with Q1 revenue growth of 42% year over year," said Girish Mathrubootham, CEO and founder of Freshworks. "We made progress on our 2022 product priorities with the launch of Freshworks C

Providing a diverse range of perspectives from bullish to bearish, 13 analysts have published ratings on Freshworks (NASDAQ:FRSH) in the last three months. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 4 4 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 3 3 4 0 0 Analysts have recently evaluated Freshworks and provided 12-month price targets. The average target is $20.54, accompanied by a high estimate of $30.00 and a low estimate of $15.00. This current

Piper Sandler analyst Brent Bracelin maintains Freshworks (NASDAQ:FRSH) with a Overweight and lowers the price target from $22 to $17.

Canaccord Genuity analyst David Hynes maintains Freshworks (NASDAQ:FRSH) with a Buy and lowers the price target from $20 to $17.

Gainers Adobe (NASDAQ:ADBE) shares moved upwards by 14.1% to $523.5 during Thursday's after-market session. The company's market cap stands at $234.5 billion. As per the news, the Q2 earnings report came out today. Veritone (NASDAQ:VERI) stock rose 3.86% to $2.55. The company's market cap stands at $96.2 million. Freshworks (NASDAQ:FRSH) stock rose 3.57% to $12.76. The market value of their outstanding shares is at $3.8 billion. Sobr Safe (NASDAQ:SOBR) shares rose 2.9% to $0.23. The company's market cap stands at $4.5 million. CommScope Hldg Co (NASDAQ:COMM) stock increased by 2.85% to $1.44. The company's market cap stands at $305.6 million. Cerence (NASDAQ:CRNC) shares moved upwards

Needham analyst Scott Berg maintains Freshworks (NASDAQ:FRSH) with a Buy and lowers the price target from $30 to $20.

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11 analysts have shared their evaluations of Freshworks (NASDAQ:FRSH) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 4 0 0 Last 30D 1 0 0 0 0 1M Ago 2 3 4 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Freshworks, presenting an average target of $21.82, a high estimate of $30.00, and a low estimate of $15.00. Highlighting a 14.0

Needham analyst Scott Berg reiterates Freshworks (NASDAQ:FRSH) with a Buy and maintains $30 price target.

Canaccord Genuity analyst David Hynes maintains Freshworks (NASDAQ:FRSH) with a Buy and lowers the price target from $27 to $20.