SaaS unicorn Freshworks Inc’s income surpassed $100 million within the fourth quarter ended December, rising 44% year-on-year at $105 million. Nevertheless, the corporate’s losses widened throughout the reporting interval to $56.4 million.
“I’m extremely happy with our staff for his or her focus and dedication as we proceed to innovate on our merchandise, put prospects first, and execute as a public firm,” mentioned the corporate’s CEO and founder Girish Mathrubootham.
The Nasdaq listed firm has additionally reported a narrowed free money movement at $2.8 million, in comparison with $11.9 million within the fourth quarter of 2020.
In the meantime, the variety of prospects contributing greater than $5,000 in ARR (annual income runrate) grew 28% year-on-year to 14,814 throughout the reporting interval, whereas the web greenback retention price was 114%.
On the outlook, Freshworks expects the income to be between $107 million – $109 million within the first quarter of 2022, whereas the losses would possibly slim to $12.5 million – $10.5 million.
On Friday, Freshworks shares had been down 12.42% at $19.67 a chunk on Nasdaq.
Supply: Live Mint