Freshworks Q1 revenue $137.7M (+20% YoY); first non-GAAP operating profit $3.9M; raises FY outlook

Freshworks Inc.

2023-Q1 EPS reported -$0.15 revenue$137,692,000

Revenue $137.7M, +20% YoY (+23% constant currency).
Non-GAAP operating profit $3.9M vs loss of $(0.6)M in Q1 2022; first such profit as public co.
GAAP operating loss $(48.1)M; GAAP EPS $(0.15); Non-GAAP EPS $0.03.
Free cash flow $9.1M vs $(1.4)M prior year; cash balance $1.15B.
Raising FY2023 non-GAAP operating profit midpoint to $5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Freshworks Inc. reported first quarter ended March 31, 2023 results: revenue $137.7 million, EPS $(0.15). Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $137.7 million
EPS: $(0.15)
Guidance: raised
Result: reported results

Exact text from the filing

of the opportunity to buy software that is designed to scale to meet their IT and customer needs.” First Quarter 2023 Financial Summary Results • Revenue: Total revenue was $137.7 million, representing growth of 20% compared to the first quarter of 2022, and 23% adjusting for constant currency. • GAAP (Loss) from Operations: GAAP (loss) from operations was $(48.1)

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Source: SEC EDGAR

accession 0001544522-23-000038

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