Freshworks, Inc. Class A ( (FRSH) ) has released its Q4 earnings. Here is a breakdown of the information Freshworks, Inc. Class A presented to its investors.
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Freshworks Inc. is a technology company specializing in AI-driven service software aimed at enhancing customer and employee experiences across various industries. The company recently announced its fourth quarter and full-year 2024 financial results, showcasing significant growth and operational improvements.
In the latest earnings report, Freshworks reported a 22% year-over-year increase in revenue for the fourth quarter, reaching $194.6 million. The company also improved its non-GAAP income from operations, which rose to $40.3 million from $11.5 million in the same period last year. Notably, the company has continued to attract new clients, including notable brands such as New Balance and Sophos.
Key financial metrics reveal that Freshworks is continuing to make strides toward profitability. The company’s non-GAAP net income per share increased to $0.14, up from $0.08 in the previous year. Additionally, the adjusted free cash flow for the quarter stood at $41.7 million, compared to $28.6 million in the fourth quarter of 2023. The company’s cash reserves remain robust, with cash, cash equivalents, and marketable securities totaling $1.07 billion at year-end.
Looking forward, Freshworks management has provided a positive outlook for 2025, with anticipated revenue growth of 12% to 14% for the full year. The company remains focused on enhancing its product offerings and expanding its customer base through strategic partnerships and acquisitions, positioning itself for sustained growth in the competitive service software industry.
