Freshworks forecasts annual profit below estimates amid AI-driven software worries

Mădălin Mihai

Feb 10 : Software development firm Freshworks forecast annual profit below Wall Street estimates on Tuesday, fanning investor concerns around business sustainability amid advancements in artificial intelligence service threatening the industry. Shares of the software company fell over 6 per cent in extended trading. While businesses are adopting AI-driven software from firms such as Freshworks for IT services, workflow automation and customer support improvement, the new sophisticated tools