Freshworks raises annual revenue, profit forecasts as AI boosts demand [Yahoo! Finance Canada]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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Source: Yahoo! Finance Canada
following upbeat third-quarter results, as clients turn to the company's AI-driven products to manage their IT services. Businesses are digitizing their operations with artificial intelligence tools, which is boosting demand for companies such as Freshworks. The San Mateo, California-based company provides an IT service management tool called Freshservice that helps businesses with employee onboarding and management. It also offers a customer service software, Freshdesk, designed to deliver fast solutions to customer issues. The company has more than 68,000 customers, including Databricks, American Express, Nucor and Sony. It competes with companies such as Salesforce and ServiceNow. Freshworks now expects annual revenue to be between $713.6 million and $716.6 million, up from its prior expectations of $707 million to $713 million. The company also raised its annual adjusted profit per share forecast to a range of 38 cents to 39 cents, up from its previous forecast of 32 cen
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FRSH
News
- Freshworks Inc. (NASDAQ: FRSH) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.MarketBeat
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FRSH
Earnings
- 11/6/24 - Beat
FRSH
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 144
- 12/19/24 - Form 4
- FRSH's page on the SEC website