Why Freshworks Shares Are Seeing Blue Skies Today
Portfolio Pulse from Lekha Gupta
Freshworks Inc (NASDAQ:FRSH) shares are trading higher by around 15% after the company reported better-than-expected Q2 results. Revenues rose 19% Y/Y to $145.1 million, beating the consensus of $141.22 million. The company also raised its 2023 guidance for revenue and adjusted operating income. For Q3, the company expects revenue of $149.0 million - $151.5 million and adjusted EPS of $0.04 - $0.06.
August 04, 2023 | 11:03 am
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Freshworks Inc's Q2 results exceeded expectations, leading to a 15% increase in share price. The company also raised its 2023 guidance, indicating a positive outlook.
Freshworks Inc reported better-than-expected Q2 results, with revenues rising 19% Y/Y to $145.1 million, beating the consensus of $141.22 million. This positive news led to a 15% increase in the company's share price. Additionally, the company raised its 2023 guidance for revenue and adjusted operating income, indicating a positive outlook for the future. This is likely to further boost investor confidence in the company, potentially leading to further increases in the share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100