Samsara's Q3: Record Revenue, Positive Outlook

Samsaras Q3 results surpassed Wall Streets predictions, with sales of $416M, a 29% increase YoY, and a non-GAAP profit of $0.15 per share, 26% higher than expected. The company projects $422M revenue for Q4 and raised full-year adjusted EPS guidance to $0.51, a 10% increase. With nearly 3,000 enterprise customers paying over $100K annually and a 30% YoY growth in annual recurring revenue, Samsaras stable business model and strong customer loyalty are evident. Despite a slight stock dip, the companys growth and expanding customer base signal a promising future in the IoT market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.