New Customer Wins And Revenue Growth Lifted Samsara (IOT) By 43%

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New Customer Wins And Revenue Growth Lifted Samsara (IOT) By 43%

//stocks-investing.news-articles.net/content/202 .. and-revenue-growth-lifted-samsara-iot-by-43.html

Published in Stocks and Investing on Tuesday, December 10th 2024 at 17:01 GMT by Insider Monkey
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

TimesSquare Capital Management, an equity investment management company, released its "U.S. Mid Cap Growth Strategy" third-quarter investor letter. A copy of the letter can be downloaded here.

The article from Insider Monkey discusses Samsara Inc., a company specializing in Internet of Things (IoT) solutions for industrial applications, which reported a significant revenue increase of 43% year-over-year in its fiscal third quarter. This growth was primarily driven by new customer acquisitions and the expansion of services to existing clients. Samsara's platform, which provides real-time data and analytics for physical operations, has seen increased adoption due to its ability to enhance operational efficiency and safety. The company's CEO, Sanjit Biswas, highlighted the importance of their IoT solutions in helping businesses navigate through economic uncertainties by optimizing their operations. The article also notes that Samsara's focus on sectors like transportation, logistics, and construction has been particularly beneficial, as these industries seek to leverage technology for better asset management and operational insights.

Read the Full Insider Monkey Article at:
[ https://www.insidermonkey.com/blog/new-customer-wins-and-revenue-growth-lifted-samsara-iot-by-43-1404747/ ]

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