City of Houston Selects Samsara's Connected Operations Cloud To Digitize Operations
Portfolio Pulse from Benzinga Newsdesk
Samsara Inc. (NYSE:IOT) has announced its growth in the U.S. public sector, with the City of Houston being the latest to digitize its operations using Samsara's Connected Operations Cloud. The company's platform is being used to increase service transparency, sustainability, and safety, and to take data-informed actions. Other customers include the State of New Jersey, City of Fresno, and Hernando County. Samsara's recent fiscal quarter results showed that two of its top-five new customers and two of its top-five expansion deals were within the public sector.
October 11, 2023 | 1:07 pm
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Samsara's expansion in the U.S. public sector, including the City of Houston, indicates a growing demand for its Connected Operations Cloud. This could potentially lead to increased revenues and a positive impact on its stock.
The news of Samsara's expansion in the U.S. public sector is directly relevant to the company and its operations. The addition of new customers, including the City of Houston, indicates a growing demand for its Connected Operations Cloud, which could potentially lead to increased revenues. This positive development is likely to have a positive impact on the company's stock in the short term.
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