Samsara Inc. (NYSE:IOT) had a strong performance on Friday, rallying 17.44% to close at $42.09 per share after announcing impressive earnings and raising its full-year growth outlook. The company narrowed its net loss by 66% and saw revenues grow by 30.49% year-on-year, reaching $391.48 million.

CEO Sanjit Biswas expressed confidence in Samsara’s growth trajectory, attributing it to the rising demand for their AI-driven platform. The company raised its revenue growth outlook for the full-year period to $1.574 billion to $1.578 billion, a 26% increase from the previous year.

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Read more at Yahoo Finance: Samsara (IOT) Climbs 17.4% on Earnings Blowout, Higher Growth Expectations