Latest news with #Freshworks
News18
2 days ago
- Automotive
- News18
McLaren F1 integrates Freshworks Freshservice in new partnership deal
Last Updated: Chennai, Jul 23 (PTI) Nasdaq-listed Freshworks Inc signed a multi-year partnership with McLaren Racing, becoming an official partner of the McLaren Formula 1 team. As part of the partnership, McLaren will integrate Freshservice, the IT Service Management Solution (ITSM) from Freshworks, to boost productivity through more efficient and improved IT services. In a statement on Wednesday, Freshworks said it would support McLaren's IT team in reducing tech-related issues, enabling the team to maximise its focus on race track performance. Commenting on the partnership, Freshworks CEO Dennis Woodside said, 'We are partnering with McLaren Racing to optimise their IT operations, enhancing their critical support for winning performance. Our enterprise-grade solutions are designed for ease of implementation, use, and configuration—accelerating McLaren IT's capabilities with AI." Following the association, Freshworks branding will appear on McLaren Formula 1 race cars and team kits for the remainder of the 2025 season and beyond, starting with the Belgian Grand Prix scheduled for later this week, the company said. PTI VIJ SSK VIJ SSK ROH Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 days ago
- Automotive
- Time of India
Freshworks joins McLaren Formula 1 team as official partner
Freshworks has entered a multi-year agreement with McLaren Racing , becoming an official partner of the McLaren Formula 1 Team. As part of the collaboration, McLaren has deployed Freshworks' IT service management (ITSM) tool, Freshservice , to streamline its global IT operations. The integration of Freshservice is aimed at helping McLaren manage service requests during its race calendar, which involves operations across multiple global locations. According to the team, the AI-based solution is designed to reduce technical issues, enabling McLaren's IT staff to support trackside performance through faster and more reliable service delivery. Freshworks branding will appear on McLaren's Formula 1 cars and team kits starting from the upcoming Belgian Grand Prix and will continue for the remainder of the 2025 season and beyond. Zak Brown, CEO of McLaren Racing, said, 'Boosting our efficiencies off the track is a key factor in improving our performance on it. With industry-leading partners such as Freshworks, we're able to do just that, and I'm delighted to welcome them to the team.' Dennis Woodside, CEO of Freshworks, added, 'We partner with McLaren Racing to optimise their IT operations, enhancing their critical support for winning performance. Our enterprise-grade solutions are designed for ease of implementation, use, and configuration, accelerating McLaren IT's capabilities with AI. We're proud to deliver intuitive software that directly supports their mission to eliminate complexity on and off the track.' McLaren Racing was established in 1963 and has participated in Formula 1 since 1966. The team has won 21 Formula 1 world championships and continues to compete across multiple series, including INDYCAR, Formula E, F1 Academy, and sim racing.
Time of India
2 days ago
- Automotive
- Time of India
Freshworks joins McLaren F1 as official partner
Freshworks has entered a multi-year agreement with McLaren Racing, becoming an Official Partner of the McLaren Formula 1 Team. As part of the partnership, McLaren has deployed Freshworks' IT service management tool, Freshservice , to streamline IT services and improve productivity. The AI-powered platform helps McLaren manage global IT operations more efficiently, particularly during the demanding race calendar . It aims to simplify service requests and enhance operational effectiveness across the team. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Artificial Intelligence Digital Marketing CXO Management Healthcare Project Management MCA Others Operations Management Degree healthcare MBA Product Management Data Science PGDM Data Analytics Data Science Design Thinking others Cybersecurity Public Policy Leadership Technology Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Freshservice assists McLaren's IT department in addressing technical issues promptly, allowing the broader team to stay focused on track performance. By improving workflows and reducing delays, the solution is intended to support faster issue resolution. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo As part of the deal, Freshworks branding will appear on the McLaren Formula 1 cars and team apparel starting with the Belgian Grand Prix this weekend, and continue through the rest of the 2025 season and beyond. Zak Brown, CEO, McLaren Racing, said, 'Boosting our efficiencies off the track is a key factor in improving our performance on it. With industry-leading partners such as Freshworks, we're able to do just that, and I'm delighted to welcome them to the team.' Live Events Dennis Woodside, CEO, Freshworks, said, "We partner with McLaren Racing to optimize their IT operations, enhancing their critical support for winning performance. Our enterprise-grade solutions are designed for ease of implementation, use, and configuration, accelerating McLaren IT's capabilities with AI. We're proud to deliver intuitive software that directly supports their mission to eliminate complexity on and off the track."
Yahoo
15-07-2025
- Business
- Yahoo
Freshworks (FRSH): A Bull Case Theory
We came across a bullish thesis on Freshworks on Hidden Gems Research's Substack. As of 14ᵗʰ July, Freshworks's share was trading at $14.12. FRSH's forward P/E was 27.69 according to Yahoo Finance. A close-up of a server running a cloud-native platform, symbolizing the power of the software-as-a-service (SaaS) business area. Freshworks, a $4B software business, is trading at a steep discount to its fair value following a management transition. The company's stock has dropped ~30% since its founder and CEO, Girish Mathrubootham, stepped down to focus on product development. Despite this, the new CEO, Dennis Woodside, has a strong track record of execution in various leadership roles, including President of Impossible Foods and COO of Dropbox. Woodside's experience and leadership appear under-appreciated by the market, presenting an investment opportunity. The company's software portfolio has strong product reviews and is winning more mid and large enterprise deals, despite competing with major incumbents like ServiceNow, Zendesk, and Hubspot. Freshworks' focus on ease of use, affordability, and customer satisfaction is ideal in a tight software spending environment. The company has consistently performed above analyst expectations, beating top and bottom line estimates in recent years. This trend may lead to a re-rating of the stock as investor confidence improves following the management transition. Freshworks trades at a steep discount to the industry median EV/NTM revenue multiple, ~40% below the median, and ~90% below the industry multiple on a growth-adjusted basis. A discounted cash flow model implies that the stock trades ~40% below fair value today. With a strong growth and margin profile, newer AI products and features may add to the future upside case. The company's guidance has already been de-risked, making the current stock price an attractive entry point with limited downside risk. In the best-case scenario, the stock could re-rate significantly, offering an exceptional risk/reward skew for investors. Previously, we covered a bullish thesis on ServiceNow, Inc. by Francesco Ferrari in June 2025, which highlighted the company's strong free cash flow, scalable margins, and long-term compounding potential. The company's stock price has depreciated by approximately 3.46% since our coverage. This is because valuation concerns outweighed near-term performance. The thesis still stands as long-term fundamentals remain intact. The author of the Freshworks thesis shares a similar view but emphasizes on underappreciated execution in a discounted SaaS peer. Freshworks is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held FRSH at the end of first quarter which was 41 in the previous quarter. While we acknowledge the risk and potential of FRSH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to Blackrock. Disclosure: None. Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
Peloton, Freshworks, Columbia Sportswear, Kontoor Brands, and The Real Brokerage Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Consumer Electronics company Peloton (NASDAQ:PTON) fell 4.3%. Is now the time to buy Peloton? Access our full analysis report here, it's free. Sales Software company Freshworks (NASDAQ:FRSH) fell 4.7%. Is now the time to buy Freshworks? Access our full analysis report here, it's free. Apparel and Accessories company Columbia Sportswear (NASDAQ:COLM) fell 3.3%. Is now the time to buy Columbia Sportswear? Access our full analysis report here, it's free. Apparel and Accessories company Kontoor Brands (NYSE:KTB) fell 3.1%. Is now the time to buy Kontoor Brands? Access our full analysis report here, it's free. Real Estate Services company The Real Brokerage (NASDAQ:REAX) fell 4.6%. Is now the time to buy The Real Brokerage? Access our full analysis report here, it's free. Freshworks's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Freshworks is down 11.6% since the beginning of the year, and at $14.05 per share, it is trading 28.9% below its 52-week high of $19.75 from January 2025. Investors who bought $1,000 worth of Freshworks's shares at the IPO in September 2021 would now be looking at an investment worth $295.48. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
