Why AI Stock Freshworks Trounced the Market Today

Next-generation business software developer Freshworks (NASDAQ: FRSH) was a winner with investors on Wednesday. Following its latest quarterly earnings release, market players were encouraged enough to pile into the stock, pushing it to an over 3% price gain across the trading session. So the stock was up on a generally forgettable day for equities, as the S&P 500 index could only muster an increase of under 0.2%.Freshworks, an eager user of artificial intelligence (AI) technology to power its solutions, booked total revenue of just over $196 million in its first quarter. That figure was 19% higher than the same period of 2024. A more impressive feat was the company's more than doubling of its non-GAAP (adjusted) net income; this came in at $46 million ($0.18 per share) against the year-ago quarter's nearly $22 million. With those key fundamentals, Freshworks notched convincing beats over the consensus analyst estimates. These anticipated a bit over $192 million for revenue and per-share, adjusted net income of $0.13. The company also topped its own guidance. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool