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The SaaS firm had a free cash flow of $9.1 million in the quarter under review up from negative $1.4 million in the first quarter of 2022.
Market sentiment remains cautious amid persisting concerns over rate hikes, its impact on economic growth and shrinking corporate profitability
Nifty futures on the Singapore Exchange traded 86 points, or 0.47 per cent, lower at 18,134.50, hinting at a negative start for the domestic market on Wednesday.
The SaaS company posted its first-ever adjusted operating profit of $3.9 million as a public company. Net loss for the quarter narrowed to $42.7 million, from $49.1 million a year earlier.
Freshworks reported an adjusted operating profit for the first time in Q1 2023, posting a non-GAAP profit of $3.88 Mn during the quarter.