For the second quarter of FY2023 ending June 30, 2023, Freshworks Inc ($NASDAQ:FRSH) reported total revenue of USD 145.1 million, an increase of 19.5% from the same period in the previous year. Net income also showed improvement from -69.8 million in the same period in the previous year to USD -35.7 million.
GoodWhale recently conducted an analysis of FRESHWORKS INC‘s financials and concluded that it is a low risk investment in terms of both financial and business aspects. This is based on their Risk Rating system which takes into account the financial and business metrics they have researched. To further understand the potential risks associated with investing in FRESHWORKS INC, we recommend registering with GoodWhale. This will allow you to view the detailed business and financial areas which GoodWhale has identified as having potential risks associated with them. Knowing these potential risks allows you to make an informed decision before investing in the company, enabling you to gain maximum returns on your investments. More…
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About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Freshworks Inc. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
Some of the financial key ratios for Freshworks Inc are shown below. More…
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Some of its competitors include TeamViewer AG, Lovarra, and Intercede Group PLC.
Viewer AG is a German multinational company that provides remote control, online collaboration and conferencing, and networking services. It has a market cap of 1.6B as of 2022 and a ROE of 41.08%. The company was founded in 2005 and is headquartered in Göppingen, Germany.
Intercede Group PLC is a United Kingdom-based company, which provides software products that manage identities and credentials. The Company’s products are used in a range of applications, including securing access to networks and cloud-based services, encrypting email and files and ensuring the integrity of downloaded applications and files. Its products are deployed on over 30 million devices and are used by government organizations, including national identity programs, military, police, border control and citizen e-services; enterprises, including in the financial services, healthcare, automotive, retail and education sectors; and original equipment manufacturers (OEMs), including in the mobile device and personal computer markets. The Company operates in the United States, Europe, the Middle East, Africa, Asia Pacific and South America.
Freshworks Inc. reported a 19.5% increase in total revenue for the second quarter of FY2023 compared to the same period in the previous year. Net income was reported at -35.7 million, a substantial improvement from the -69.8 million reported in the previous period, indicating the company’s progress in returning to profitability. This indicates that Freshworks Inc. could be a potential investment for investors looking for strong returns on their investments. The company’s financials suggest that, with careful management and strategic investments, Freshworks Inc. could be on the path to long-term success.