The current environment calls for growing sustainably, experts say, and Indian software companies may have some advantages
The broad stock market fall in the US on August 15 didn’t spare Freshworks either, as the tech-heavy Nasdaq fell more than one percent for the first time since May.
However, the Chennai-to-San Mateo software company retains most of its gains since the beginning of May when it reported its first quarter of profits as a listed entity. Two weeks ago on August 1, when Freshworks reported its Q2 or June-quarter earnings, the software company improved on its Q1 numbers, posting higher profits on a non-GAAP basis.
This was also the first time Freshworks posted profits in back-to-back quarters since listing in the US two years ago. The company also exceeded analysts’ expectations on revenue and earnings and even raised its outlook a little bit for the full year 2023 from its May 2 estimate.