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Freshworks Inc   (FRSH)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $11.3900 $-0.08 -0.697%
Day's High: $11.51 Week Perf: 3.17 %
Day's Low: $ 11.25 30 Day Perf: 0.62 %
Volume (M): 2,714 52 Wk High: $ 24.98
Volume (M$): $ 30,917 52 Wk Avg: $16.49
Open: $11.51 52 Wk Low: $10.81



 Market Capitalization (Millions $) 3,415
 Shares Outstanding (Millions) 300
 Employees 4,900
 Revenues (TTM) (Millions $) 652
 Net Income (TTM) (Millions $) -103
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 14

Freshworks Inc
We serve businesses of all sizes with contemporary SaaS products that are designed with the user in mind. We started with Freshdesk, our customer experience (CX) product, and then expanded our portfolio to include Freshservice, our IT service management (ITSM) product; and more recently, Freshsales and Freshmarketer, which are our sales force and marketing automation solutions.
Our powerful software delivers the modern functionality and capabilities businesses need, while being intuitive and easy to use, rapid to onboard, agile, and affordable for organizations of all sizes. We build intelligence and automation into our products wherever possible to accelerate user productivity and allow them to quickly meet the increasing demands of their customers and employees. By accelerating time to value, increasing productivity, and lowering costs, we provide businesses with a concrete return on their investment in Freshworks. With an increased ability to delight customers and employees, businesses also benefit from improved customer and employee retention, higher net promoter scores (NPS), and better business outcomes.
Product-led growth (PLG) is the core foundation of Freshworks and has helped us serve organizations of all sizes. The simplicity and powerful functionality underpinning our Freshworks solutions acts as the primary driver of customer acquisition, conversion, and expansion by driving trials of our products that we supplement with our inbound and outbound sales motions. Our pricing is transparent, affordable, and easy to understand, reducing the length of sales cycles and increasing the efficiency of marketing and sales. This enables us to disrupt the traditional top-down sales motion, letting users, not executives, designate Freshworks as their software of choice.
Freshworks provides solutions that serve the needs of users in the CX and ITSM categories, and we have also expanded our offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and better serve their customers and employees.
For customer facing teams, we offer our CX family of products, Freshdesk, including Freshdesk Support Desk, Freshdesk Omnichannel Suite, Freshdesk Messaging, Freshdesk Contact Center, and Freshdesk Customer Success. These products allow businesses to delight their customers across touchpoints, streamline customer conversations, and automate repetitive tasks.
For employee facing teams, our ITSM product, Freshservice, provides both the intelligence and automation businesses need to give employees the 'consumer' like experience they now expect. We also offer additional products, including HR Management. These products and capabilities are relatively nascent but we believe they provide evidence of our continued focus on innovation and will be growth opportunities for Freshworks in the future.
For go-to-market teams, our Sales and Marketing products of Freshsales, Freshmarketer, and Freshsales Suite align users with a unified view of the customer journey to better acquire, engage, and close customers.
All of our products leverage our Freshworks Neo platform, which provides shared services that enable us to rapidly innovate and release new products. Businesses can use Neo'which provides a low-code development and a hassle-free deployment environment'to extend and integrate Freshworks into their existing solutions and perform advanced analytics to gain insights that help them run their businesses more efficiently.
Customer Experience Product Offerings
The main product of our CX offerings is Freshdesk Support Desk, which businesses use to interact with their customers and respond to customer service requests.
Freshdesk Support Desk. Freshdesk Support Desk enables businesses to delight their customers at every service engagement touchpoint across traditional channels like email as well as modern channels like messaging and social media. Freshdesk Support Desk helps agents resolve complex issues through its powerful collaboration, tools, intelligent automation and provision of a unified view of the customer. Freshdesk also helps improve agent productivity through omniroute technology that balances agent workload intelligently across channels and agent availability, native field service management tools, and embedded collaboration within a customer record. Freshdesk Support Desk also has native technology that scales with the customer, including multilingual support capabilities and prescriptive analytics that support better insights and business decisions. We also offer additional products in the CX space to address specific communication channels and use cases.
Freshdesk Messaging. Freshdesk Messaging provides agents with a modern conversational user interface to proactively engage with their customers across web, mobile, and social messaging applications. Our Freshdesk Messaging bot technology allows businesses to provide self service to customers by automating commonly performed transactions and providing answers to frequently asked questions.
Freshdesk Contact Center. Freshdesk Contact Center provides agents with a modern, cloud-based telephony system to connect with customers that supports complex call-flows, number and call management, IVR, and routing needs. Freshdesk Contact Center also provides a live dashboard and reports along with other agent productivity tools.
Freshdesk Omnichannel Suite. Freshdesk Omnichannel Suite, an integrated suite of Freshdesk Support Desk, Freshdesk Messaging, and Freshdesk Contact Center solutions, delivers a single, unified customer experience that moves with the customer across multiple support channels. Customer experience agents that use Freshdesk Omnichannel Suite are able to engage and track customers across digital and traditional channels to provide a superior customer experience to delight customers.
Freshdesk Customer Success. Freshdesk Customer Success helps customer success managers at B2B subscription companies proactively manage their customers to increase customer retention and delight.


   Company Address: 2950 S Delaware Street San Mateo 94403 CA
   Company Phone Number: 513-0514   Stock Exchange / Ticker: NASDAQ FRSH


Customers Net Income grew by FRSH's Customers Net Profit Margin grew to

158.69 %

4.48 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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DBX        1.81% 
NOW        2.46% 
SQ        4.98% 
TEAM        15.46% 
VEEV        2.93% 
• View Complete Report
   



Announcement

Freshworks Unveils New Data Center in UAE to Serve Customers Across Middle East and Africa

Published Thu, Jun 27 2024 8:45 AM UTC

Freshworks Inc. Unveils UAE Data Center Amid Mixed Financial Performance and Market RealitiesFreshworks Inc. (NASDAQ: FRSH), a leading provider of modern SaaS solutions, announced today the inauguration of its state-of-the-art data center in the United Arab Emirates, strategically powered by Amazon Web Services (AWS), aimed at serving customers across the burgeoning markets...

Merger and Acquisition

Freshworks Completes Acquisition of Device42, Strengthening IT Asset Management Capabilities.

Published Thu, Jun 6 2024 2:56 PM UTC

Freshworks Enhances IT Asset Management Capabilities Designed to Provide Customers with a Single, Integrated Platform
Freshworks, a leading provider of customer engagement software, has recently completed the acquisition of Device42, a prominent IT asset management company. This strategic move aims to enhance Freshworks' IT asset management capabilities and provide its c...

Freshworks Inc

Freshworks Inc. Shows Strong Financial Redemption with Impressive Q1 Results

Freshworks Inc. (NASDAQ: FRSH) has released its financial results for the fiscal first quarter of 2024, showing impressive improvements in various areas. The company decreased its loss per share from $-0.15 to $-0.08 compared to the previous year and saw an improvement in earnings per share from $-0.09 in the preceding reporting period.
One of the standout achievements for Freshworks Inc. is its revenue growth. The company reported a double-digit increase of 19.29% to $164.25 million from $137.69 million in the corresponding period of the previous financial year. Additionally, there was a sequential revenue surge of 2.655% from $160.01 million. This remarkable revenue performance clearly sets Freshworks Inc. apart from its industry peers in the Software & Programming sector, as the industry average only showed a 12.25% improvement during the same time.

Freshworks Inc

Freshworks Inc achieves exceptional 20.151% revenue improvement in fiscal quarter ending December 31, 2023

Freshworks Inc, a leading software and programming company, has recently shared its financial results for the fourth quarter and full year ended December 31, 2023. The company experienced a significant uptick in its corporate financial framework, thanks to its strategic collaboration with Amazon Web Services (AWS) and the expansion of its artificial intelligence (AI)-enhanced Software-as-a-Service (SaaS).
One of the key highlights of the financial report is the 20% year-over-year growth in full-year revenue. This substantial increase can be attributed to the partnership between Freshworks Inc and AWS. With this collaboration, Freshworks Inc has been able to reach a wider customer base and enhance its AI-powered SaaS offerings. As a result, the company has seen a notable increase in corporate customer revenue, which has, in turn, reshaped its financial landscape.

Product Service News

Freshworks' Strategic Alliance with AWS and AI-Powered SaaS Expansion Rise Corporate Client Revenue and Reshapes Financial Landscape

Published Mon, Jan 29 2024 2:18 PM UTC

After solidifying an effective, strategic collaboration with Amazon Web Services (AWS), Freshworks Inc has seen a considerable uptick in its corporate financial framework. This alliance has been pivotal in broadening the reach of its artificial intelligence (AI)-enhanced Software-as-a-Service (SaaS), leading to a notable increase in corporate customer revenue and subsequentl...







Freshworks Inc's Segments
Subscription services, software licenses and maintenance    98.55 % of total Revenue
Professional services    1.45 % of total Revenue





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