Samsara Inc (NYSE:IOT) shares are trading higher in Thursday’s after-hours session after the company reported better-than-expected financial results for the second quarter.
Q2 Revenue: $300.2 million, versus estimates of $289.54 million
Q2 EPS: 5 cents, versus estimates of 1 cent
Total revenue was up 37% year-over-year. Annual recurring revenue (ARR) was $1.264 billion at quarter’s end, up 37% year-over-year. Samsara said it ended the quarter with 2,133 customers with ARR over $100,000.
“We achieved another strong quarter of durable and efficient growth at a greater scale. Q2 ended at $1.264 ...
