Samsara Quarterly Results Highlight Strong Growth Across New Frontiers

Samsara ends Q3 FY25 with $1.35B in ARR as innovative solutions drive demand

SAN FRANCISCO--(BUSINESS WIRE)--December 05, 2024-- 

Samsara Inc. ("Samsara") $(IOT)$, the pioneer of the Connected Operations$(R)$ Cloud, today revealed strong growth in its new frontiers as the company experiences high global demand for its innovative solutions that increase safety, efficiency, and sustainability. Samsara's at-scale breadth across products, customer sizes, end markets, and geographies is a key differentiator and driver of performance. Highlights include:

   -- 
 International Growth Milestones: 17% of Samsara's net new ACV in Q3 
      came from international markets, marking the second-highest contribution 
      to date. Mexico achieved its highest-ever quarterly net new ACV mix, 
      while Europe accelerated year-over-year ARR growth for the fourth 
      consecutive quarter. 
 
 
   -- 
 Expanding Industry Reach: The public sector contributed its 
      highest-ever net new ACV mix over the last four years, while construction 
      drove the highest net new ACV mix for the fifth consecutive quarter. This 
      reflects the value industries across the world of physical operations see 
      in adopting Samsara's differentiated solutions to drive impactful 
      results. 
 
 
   -- 
 Emerging Products Fuel Demand: Samsara generated more than 100% 
      quarter-over-quarter growth in Asset Tags' net new ACV in just its second 
      quarter of selling. 
 

Driving Innovation with Customer-Centric Solutions

Samsara now processes more than 10 trillion data points annually. This unique view into the world of physical operations powers Samsara's innovation flywheel and enables customers to address complex challenges. In the second half of FY25, Samsara rapidly delivered features tailored to both universal and regional needs. Highlights include:

   -- 
 Samsara Intelligence: An expanded suite of AI offerings that help its 
      customers make smarter decisions and run safer and more efficient 
      operations. Samsara Assistant provides instant answers to complex 
      operational questions, while Intelligent Experiences brings AI-driven 
      recommendations and actions to critical operations processes. 
 
 
   -- 
 Low Bridge Strike Alerting: With this feature, customers can set the 
      maximum height for each vehicle to minimize the chance of tall vehicles 
      hitting the underside of low bridges that are common in Europe. Nearly 
      2,000 bridge strikes happen in the UK every year, costing UK taxpayers 
      around GBP23M annually. 
 
 
   -- 
 Electronic Brake Performance Monitoring System (EBPMS): This feature 
      enables customers to maintain their braking performance record and alert 
      operators when it falls below acceptable standards or if it detects 
      faults. Samsara expects that in 2025, EBPMS will become one of the only 
      two accepted methods for brake testing in the UK. 
 
 
   -- 
 Engine Immobilizer 2.0: With security a top priority for customers in 
      Mexico, Samsara delivered a feature that allows for new customized alerts 
      that can meet operators' needs when their safety is compromised. It also 
      provides detailed real-time reports through the Samsara dashboard, 
      helping customers effectively monitor the safety of their vehicles. 
 

"Our customers are the backbone of the global economy and we partner with them to solve the hardest problems in the industry," said Kiren Sekar, Chief Product Officer at Samsara. "We're planning to invest hundreds of millions of dollars in R&D over the next few years, leaning into advanced AI and our massive data set to create products that answer the needs of the world's largest and most complex operational companies."

Samsara's Multi-Product Platform Powers Customer Growth

Samsara's product innovation has resulted in more than 150 patents and is fueling new multi-product adoption amongst its customers. New multi-product customers in Q3 include organizations like Florida Department of Fish & Wildlife and Fresno County. Existing customers such as Fraikin Group and Comfort Systems expanded with Samsara because of its clear and fast return on investment. For example, Fraikin, one of Samsara's largest customers in Europe, is in the process of expanding Samsara to 10,000+ vehicles and all new vehicles in its 60,000-vehicle fleet across its European operations.

"Digital transformation and decarbonization are central to our strategy, and Samsara has played a crucial role in helping us build a standardized, future-proofed, and innovative platform," said Edward Breedveld, Chief Digital Officer at Fraikin. "With this technology, we are greatly expanding our real-time data insights to optimize operations, minimize environmental impact, and ensure our vehicles meet the highest safety standards."

To learn more about Samsara's Q3 FY25 results, click here.

About Samsara

Samsara (NYSE: IOT) is the pioneer of the Connected Operations(R) Cloud, which is a platform that enables organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world's leading organizations across construction, transportation and warehousing, field services, manufacturing, retail, logistics, and the public sector. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

Samsara is a registered trademark of Samsara Inc. All other brand names, product names or trademarks belong to their respective holders.

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    CONTACT:    Adam Simons 

Samsara

media@samsara.com

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December 05, 2024 16:15 ET (21:15 GMT)