FreshworksNASDAQ: FRSH

More than half of knowledge workers are actively using AI at work—and driving efficiencies of nearly 24 business days of work per year More than half of knowledge workers are actively using AI at work—and driving efficiencies of nearly 24 business days of work per year

DUBAI, UAE, June 27, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc . (NASDAQ: FRSH) today announced the launch of its new data center, powered by Amazon Web Services (AWS), in the UAE.

Freshworks exceeded sales and earnings expectations for the first quarter. While the company's forward-earnings guidance surpassed expectations, it fell short of its sales targets.

Freshworks stock is dropping today following the announcement that founder and CEO Girish Mathrubootham will be transitioning to the role of executive chairman at the company.

Freshworks' stock dropped almost 30% in early trading on Thursday following the company's announcement of a lower revenue outlook for the year and the appointment of a new CEO.

Freshworks, a SaaS company that is publicly traded, announced in an SEC filing that it is purchasing U.S.-based startup Device42 for $230 million. In addition to this acquisition news, Freshworks also shared that founder Girish Mathrubootham has resigned as CEO.

Freshworks Inc. (FRSH) reported quarterly earnings of $0.10 per share, surpassing the Zacks Consensus Estimate of $0.08 per share. This is an improvement from earnings of $0.03 per share in the same quarter last year.

Freshworks Inc. (FRSH) Q4 2023 Earnings Call Transcript

Girish Mathrubootham, Freshworks CEO, joins 'Closing Bell Overtime' to talk quarterly results after beating on top and bottom line and issuing strong guidance.