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home / news releases / freshworks q1 downgrade to hold because of weak near

FRSH - Freshworks Q1: Downgrade To Hold Because Of Weak Near-Term Performance

Freshworks Inc.

2024-05-22 11:04:52 ET

Summary

  • Freshworks' macro conditions have had a major impact on customer growth, billing growth, and dollar retention rate.
  • 1Q24 results showed weaker growth in billings, customer adds, and net dollar retention.
  • Positive growth catalysts include the Copilot rollout and the D42 acquisition, but the near-term outlook remains uncertain.

Investment action

For further details see:

Freshworks Q1: Downgrade To Hold Because Of Weak Near-Term Performance
Stock Information
Company Name: Freshworks Inc.
Stock Symbol: FRSH
Market: NASDAQ
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