Upwork Inc's shares are trading higher by around 20% after it reported Q3 FY23 results. Revenue rose 11% Y/Y to $175.7 million, beating the consensus of $168.2 million. The company signed 23 new Enterprise clients in Q3, up 21% Q/Q, and Gross Services Volume stood at $1 billion. Adjusted EBITDA of $31.2 million was better than $(2.9) million a year ago, with EBITDA margin of 18% in Q3. The company's Board has recently approved a $100 million share repurchase program. FY23 Outlook: UPWK boosted guidance for revenue to $680 million-$685 million.