Freshworks, a leading provider of AI-boosted Software-as-a-Service (SaaS) solutions, has recently made an exciting announcement. In a strategic collaboration agreement with Amazon Web Services (AWS), Freshworks aims to expand the reach of its innovative platform. This multi-year agreement, set to commence in early 2024, will enable Freshworks to offer its full suite of solutions as SaaS. This means that AWS customers will have easy access to Freshworks’ cutting-edge business software, designed to enhance customer support, IT, sales, marketing, and other essential business functions.
As part of this collaboration, Freshworks and AWS will work together to develop multiple integrations that will further enhance the customer experience. Freshworks has already achieved various competencies and is a proud member of several AWS programs, including the AWS Partner Network (APN), AWS Public Sector Partner, AWS ISV Accelerate program, and AWS Global Startup program. These achievements highlight Freshworks’ commitment to delivering modern and innovative AI-enabled customer and employee service.
For further details, please refer to the official press release on the Freshworks website.
AMZN Stock Sustains Positive Momentum, Trading Near 52-Week High with 0.62% Increase
AMZN stock continued its positive momentum on January 29, 2024, as it traded near the top of its 52-week range and remained above its 200-day simple moving average. The stock opened at $159.34, which was $0.22 higher than its previous close. Throughout the day, AMZN shares showed a price increase of $0.99, representing a rise of 0.62%.
Amazon Stock Performance Analysis: Revenue, Net Income, and EPS Trends in 2024
On January 29, 2024, Amazon’s stock performance showcased interesting trends in its revenue, net income, and earnings per share (EPS). Amazon’s total revenue for the past year was $513.98 billion, showing a positive growth rate of 9.4% compared to the previous year. The total revenue for the third quarter of the same year was $143.08 billion, representing a growth rate of 6.47% compared to the previous quarter. Amazon reported a net income of -$2.72 billion for the past year, a decline of 108.16% compared to the previous year. However, the net income for the third quarter of 2024 was $9.88 billion, reflecting a significant increase of 46.36% compared to the previous quarter. Amazon’s EPS for the past year was -$0.27, a decline of 108.25% compared to the previous year. However, in the third quarter of 2024, Amazon’s EPS stood at $0.94, showing a notable increase of 44.85% compared to the previous quarter. It is important to consider various factors before making investment decisions, including market conditions, investor sentiment, and company-specific developments.
