Digi International Reports Strong Q3 ARR Growth

Digi International's Financial Milestones in Q3 2024
Digi International Inc. recently announced impressive financial results for the third quarter of 2024. The company reported a 9% year-over-year increase in Annualized Recurring Revenue (ARR), bringing the total to $113 million. This growth is largely attributed to the success of the SmartSense division, which has expanded its customer base in industries like logistics, healthcare, and food services.