Samsara Surges: IoT Platform Beats Forecasts, Stock Rallies

Samsara's stock skyrocketed 15% after crushing earnings forecasts, fueled by surging demand for its IoT platform. Revenue jumped 30% to $392 million, driven by a 31% increase in large customers spending over $100,000 annually. The company raised its full-year outlook, projecting $1.57 billion in revenue, signaling confidence in continued growth within the booming AI-powered internet of things sector. Is this a turning point for Samsara? Hosted on Acast. See acast.com/privacy for more information.