PTC forecasts quarterly revenue below estimates [Reuters]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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US:NASDAQ Investor Relations:
investors.papamurphys.com/investor-relations
Company Research
Source: Reuters
May 1 (Reuters) - Industrial software maker PTC forecast quarterly revenue below estimates while also slightly tightening full year guidance on Wednesday, signaling continued weakness in demand for its industrial design and testing software as companies keep a tight leash on budgets. Businesses have dialed back on software budgets in the wake of high-interest rates and an uncertain economy, weighing on demand for companies such as PTC, which provides software solutions to several sectors for designing, manufacturing and servicing products. The company expects third-quarter revenue in the range of $525 million to $540 million, below analysts' average estimate of $584.4 million, according to LSEG data. It sees third-quarter adjusted earnings of between 90 cents and $1 per share. PTC, which counts companies such as Volkswagen and Indian motorcycle maker Eicher Motors' Royal Enfield as clients, makes software that helps firms design, build and manage products throughout their lif
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News
- Highperformr Secures $3.5 Million in Seed Funding to Help B2B Businesses Grow by Amplifying Their Social Presence [Yahoo! Finance]Yahoo! Finance
- Freshworks to Participate in Upcoming Investor ConferencesGlobeNewswire
- Freshwork (FRSH) Loses -23.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
- Freshworks Inc. (NASDAQ: FRSH) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $30.00 price target on the stock.MarketBeat
- Freshworks Inc. (NASDAQ:FRSH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FRSH
Earnings
- 5/1/24 - Beat
FRSH
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/8/24 - Form 4
- FRSH's page on the SEC website