Freshworks Shares Soar 10.81% on Strong Q1 Earnings
1min read Freshworks Inc. (FRSH) shares surged 10.81% in pre-market trading on April 30, 2025, driven by strong first-quarter earnings and revenue performance.
Freshworks reported quarterly earnings of $0.18 per share, surpassing the consensus estimate of $0.13 per share. This marks a significant earnings surprise of 38.46% and continues a trend of exceeding expectations, as the company has beaten consensus EPS estimates in four out of the last four quarters.
Ask Aime: "Has Freshworks' earnings boost triggered a bull run in its stock?"
The company's revenue for the quarter came in at $196.3 million, ahead of the consensus estimate of $192.08 million. This represents an 18.9% year-on-year increase in sales, reflecting steady demand for Freshworks' business software solutions.
Freshworks' strong performance in the first quarter has led to an upward revision of its annual revenue and profit forecasts. The company's management highlighted the sustainability of its business model and the potential for continued growth in the coming quarters.
Despite the recent stock price decline of about 12.6% since the beginning of the year, Freshworks' strong earnings and revenue performance suggest a positive outlook for the stock. Investors will be closely watching the company's future earnings expectations and management commentary to gauge the sustainability of its recent price movement.
