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Turning a profit at last and now firmly an EX-first company, what's next for Freshworks?
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diginomica
The long-awaited move into profitability is not a one-off and is sustainable, insists Woodside:The market opportunity in EX is significant.
Other stats of note from the Q2 earnings data:Annual Recurring Revenue (ARR) grew 24% year-on-year, with EX accounting for 60%.
The firm expects to report $600 million in ARR from Freshservice this year, rising to $1 billion in 2028.
With Freddy AI, customers are changing the economics of how they run service operations.
But it still turns in $400 million ARR and it hasn’t been forgotten, says Woodside:We've made a big investment in the CX product in moving to our new Freshdesk Omni.