Samsara Tops Q2 Earnings Estimates On Strong ARR, Raises FY24 Outlook
Portfolio Pulse from Lekha Gupta
Samsara Inc (NYSE:IOT) reported Q2 FY24 revenue growth of 43% Y/Y to $219.3 million, beating the consensus of $207.49 million. The company ended Q2 with 1,515 customers with ARR over $100,000, up 53% Y/Y. Samsara raised the FY24 revenue outlook to $896 million-$900 million from $866 million – $874 million. IOT shares closed higher by 2.20% at $27.36 on Thursday.
September 01, 2023 | 10:30 am
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Samsara Inc's Q2 FY24 revenue beat estimates and the company raised its FY24 revenue outlook. This positive financial performance could lead to a short-term increase in the stock price.
Samsara Inc reported strong Q2 FY24 results, beating revenue estimates and raising its FY24 outlook. This indicates a strong financial performance and positive future expectations, which are likely to be viewed favorably by investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100