Freshworks’ Net Loss Narrows Nearly 50% To $28.1 Mn In Q4

Freshworks’ Net Loss Narrows Nearly 50% To $28.1 Mn In Q4

SUMMARY

The company has posted a revenue of $160.1 Mn for the quarter, 20% higher than $133.2 Mn in the same period last year

Freshworks also saw 20% year-on-year revenue growth for the full year of 2023 to $596.4 Mn, as compared to $498 Mn in 2022

The company set a revenue target of reaching $1 Bn by the year 2026

NASDAQ-listed Indian SaaS unicorn Freshworks narrowed its net loss by 49% in the fourth quarter (Q4) of 2023 to $28.1 Mn from $55.5 Mn in Q4 of 2022.

The company has posted a revenue of $160.1 Mn for the quarter, 20% higher than $133.2 Mn in the same period last year.

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