Freshworks Inc. (NASDAQ: FRSH) shares rallied sharply in extended trading on Tuesday, surging over 9% after the company reported better-than-expected fourth-quarter results and provided an upbeat outlook for 2025, driven by robust demand for its enterprise software and AI solutions.
The San Mateo-based software company reported a 22% year-over-year increase in revenue to $194.6 million for the fourth quarter of 2024, beating Wall Street's estimates of $189.4 million. Freshworks' adjusted earnings per share of $0.14 for the quarter also surpassed analysts' expectations of $0.10.
For the first quarter of 2025, Freshworks expects revenue between $190 million and $193 million, slightly below consensus estimates of $192.2 million. However, the company's adjusted earnings per share guidance of $0.12 to $0.14 exceeded analysts' projections of $0.12.
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