Samsara Inc - Ordinary Shares - Class A

**Strong Financial Performance**: Samsara reported a 36% year-over-year growth in Annual Recurring Revenue (ARR), reaching $1.26 billion. The company also achieved a record non-GAAP operating margin of 6% and a quarterly revenue of $300 million, reflecting a 37% increase year-over-year. This accomplishment marks sustained high growth at a larger scale.

**Customer Base Expansion**: The company added 169 customers with more than $100,000 in ARR, and a record 14 customers exceeding $1 million in ARR. This growth has resulted in an increasing average ARR per large customer, now at $318,000 compared to $306,000 a year ago, indicating strong demand among enterprise clients.

**Product Innovation and Adoption**: The launch of new products, such as Asset Tags and Connected Workflows, has seen strong initial demand, with Asset Tags generating approximately $1 million in net new ACV during its first quarter. This reflects a promising opportunity for revenue growth as customers seek to track and manage a wider array of assets efficiently.