Samsara Inc. (NYSE:IOT) reported better-than-expected second-quarter financial results and raised its FY25 guidance on Thursday.
Samsara reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $300.20 million which beat the analyst consensus estimate of $289.54 million.
"We achieved another strong quarter of durable and efficient growth at a greater scale. Q2 ended at $1.264 billion in ARR, growing 36% year-over-year, and at a quarterly record non-GAAP operating margin," said Sanjit Biswas, co-founder and CEO of Samsara.
Samsara sees third-quarter revenue in the range of $309 million to $311 million. The company anticipates third-quarter adjusted earnings of 3 to 4 cents per share.
Samsara also raised its fiscal year ...
