Freshworks reports 20% jump in consolidated revenue to $596 million
Wed, Feb 7, 2024 1:53 PM

Freshworks reports 20% jump in consolidated revenue to $596 million

A Flip by Avya Verma
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In 2023, Freshworks saw a 20% increase in revenue from operations, reaching $596.4 million driven by strong performance and use of AI technology. The company also achieved an annual recurring revenue of over $500 million and its non-GAAP profit increased to $44.5 million compared to a loss in the previous year. Despite competition from Zoho, which reported a 30% year-on-year growth in revenue.

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