Samsara Inc. (NYSE:IOT) Q2 2024 Earnings Call Transcript

Sanjit Biswas: So Derek, this is Sanjit. This is kind of aligned with how we operate, which is spending time with our customers, running that customer feedback loop and really understanding their operations to find other ways to help out. Connected forms is something that we’re seeing to be very closely aligned with our core business, these same customers that are managing their fleets and thinking about safety or also thinking about other forms of workplace safety, for example, being able to do OSHA safety checklist as they do forklift safety and that kind of thing. So, that’s going to be one area that we focus on. I will say, though, it’s very early. This is going to be a GA product towards the end of the year, and then it takes some time for us to build it up.

So, we’re excited about it, but I don’t think it’s going to be a huge revenue line in the coming year, but we are optimistic about it in the long term because there’s so much pen-and-paper process out there in the world of physical operations and so many of these use cases, I think there’s going to be compelling ROI for our customers.

Derrick Wood: Got it. All right. Congrats on another great quarter.

Mike Chang: So this concludes the question-and-answer portion. Thank you all for attending our Q2 fiscal year 2024 earnings call. Before I let go have a few short announcements, we’ll be attending the Goldman Sachs Communacopia Conference in San Francisco on September 5th, the Wolfe Technology Conference in San Francisco on September 6th and the Piper Sandler Growth Frontiers conference in Nashville on September 12th. We hope to see you in person in one of these events. That’s it for today’s meeting. If you have any follow-up questions, you can e-mail at ir@samsara.com. Thanks again, bye everyone.