Freshworks beat street expectations on Tuesday for its fiscal second-quarter earnings, prompting some analysts to say the “fundamentals are stabilising”, and continued to narrow its losses on a non-GAAP basis, which excludes certain expenses. Better outlookCheck out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. The company reported more large-customer wins, additional features on its Freddy Copilot AI assistant, and a plan to soon monetise some of it. GAAP stands for generally accepted accounting principles—a set of standards widely followed internationally.The non-GAAP version excludes certain expenses and adjustments. Freshworks also improved its free cash flow to $18.1 million at the end of the latest Q2, versus a loss of $10.2 million a year earlier.

Source: Forbes August 03, 2023 00:37 UTC