Samsara Inc. (NYSE:IOT) shares are trading lower after the company reported first-quarter FY25 results.
Revenue rose 37% Y/Y to $280.7 million, beating the consensus of $266.84 million. Annual Recurring Revenue (ARR) surged 37% Y/Y to $1.18 billion.
Adjusted gross profit rose to $215.9 million from $149.7 million a year ago, with a margin of 77% versus 73% …