Samsara Is Connecting Physical Operations To The Cloud With The Help Of AI

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Samsara Is Connecting Physical Operations To The Cloud With The Help Of AI
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Samsara’s platform enables businesses that depend on physical operations to harness and analyze IoT data. Last year, Samsara's total revenue rose 52% to $652.5 million.

Samsara’s platform helps enterprises solve the problem of opaque operations and disconnected systems. With the Connected Operations Cloud, customers can visualize all of their physical operations on one integrated platform in real-time. Samsara consolidates data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and makes it easy for customers to deploy its cloud dashboard to access, analyze and then act on data insights.

For example, a waste transportation company in Texas used Samsara’s video-based safety solution to vastly reduce the number of accidents and save more than $500,000 in annual insurance premiums, with payback in just five months. A leading infrastructure provider serving more than 40 states has deployed Samsara’s equipment monitoring solution to save $11 million from asset optimization.

In FQ1 , total revenue of $204.3 million gained 43% and beat the consensus estimate by 6.5%. Samsara ended the April quarter with total annual recurring revenue of $856.2 million, up 41% from the year-ago level. For FY’24 , the latest total revenue outlook of $866 million to $874 million represents growth of 33% to 34%. Last year, total revenue advanced 52% to $652.5 million.

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