SAN FRANCISCO - Samsara Inc. (NYSE: NYSE:IOT), a leader in the Connected Operations Cloud, has reported a strong finish to its fiscal year with fourth-quarter earnings and revenue that surpassed Wall Street's expectations. The company's shares soared over 14% following the announcement, signaling a robust investor endorsement of its financial performance and future outlook.
For the fourth quarter ended February 3, 2024, Samsara posted adjusted earnings per share (EPS) of $0.04, edging out the analyst consensus of $0.03. The company's revenue for the quarter was equally impressive, coming in at $276.3 million, well above the consensus estimate of $258.29 million. This represents a 48% increase in total revenue compared to the same quarter last year, or a 37% increase when adjusted for the additional week in the fiscal quarter.
Looking ahead, Samsara provided guidance that continued to instill confidence among investors. For the first quarter of fiscal year 2025, the company forecasts EPS between $0.00 and $0.01, which is more optimistic than the consensus estimate of a $0.01 loss per share. Revenue expectations for Q1 2025 are set at $271-273 million, surpassing the consensus estimate of $266.8 million.
For the full fiscal year 2025, Samsara anticipates EPS to be in the range of $0.11 to $0.13, notably higher than the consensus of $0.08. The company also projects revenue to reach between $1.186 billion and $1.196 billion, which aligns closely with the consensus estimate of $1.18 billion.
Samsara's CEO and co-founder, Sanjit Biswas, highlighted the company's achievement of $1.1 billion in annual recurring revenue (ARR), marking a 39% year-over-year growth. Biswas expressed his enthusiasm for Samsara's future, emphasizing the company's commitment to enhancing the safety, efficiency, and sustainability of operations that power the global economy.
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