Freshworks trimmed its consolidated net loss by 3.5% YoY to $29.95 Mn in the third quarter of 2024 from $31.
03 Mn in the year-ago period Total revenue jumped 21.4% to $186.6 Mn in the quarter ended September 30, 2024, compared to $153.
6 Mn in the same quarter last year Freshworks aims for its Q4 2024 revenue in the range of $187.8-$190.8 Mn, registering a 17-19% growth YoY Nasdaq-listed Indian SaaS major Freshworks trimmed its consolidated net loss by 3.
5% year-on-year to $29.95 Mn in the third quarter of 2024 from $31.03 Mn in the year-ago period.
However, net loss widened over 48% quarter-on-quarter from $20.1 Mn in the April to June quarter. Total revenue jumped 21.
4% to $186.6 Mn in the the quarter ended September 30, 2024, compared to $153.6 Mn in the same quarter last year, driven by higher sales and rising customer demand for AI-enabled solutions.
Sequentially, total income rose 7% from $174.1 Mn in the second quarter of 2024. Dennis Woodside, CEO and president of Freshworks, said the company delivered strong revenue growth in the third quarter, with net cash provided by operating activities margin improving to 23%, and free cash flow margin improving to 21%.
“We continue to see mid-market and enterprise companies choose Freshworks as the AI-powered service platform that enables them to scale with exceptional customer and employee experiences,” he added. On the other hand, Freshworks’ gross profit surged 23.16% to $156.
76 Mn in Q3 2024 from $127.28 Mn in Q3 2023..
