Freshworks Guides Q3 Revenue to $245M, Raises Full-Year Outlook
FRSH sits 74% above its 52-week low of $6.79 on light trading volume (0.4× avg).
Summary
Freshworks issued Q3 revenue guidance of $244.5M–$245.5M, above the $237.4M just reported for Q2, and raised its full-year revenue view to $963.5M–$966.5M. Non-GAAP operating income is seen at $59M–$61M for Q3 and $222M–$228M for the year, with adjusted free cash flow of ~$265M. This follows last week's Q2 beat and first GAAP profit, and the FedRAMP 'In Process' milestone for Freshservice. The guidance implies accelerating momentum and expanding profitability, reinforcing the turnaround narrative.
At the time of this announcement, FRSH was trading at $11.79 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $6.79 to $14.06. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.