Trimble Reports Third Quarter Results Meeting Earnings and Revenue Expectations
Trimble (TRMB) has reported its third-quarter financial results, meeting analyst expectations for both earnings per share and revenue. The company posted a Non-GAAP EPS of $0.86 and total revenue of $966.8 million, representing a 7.3% increase compared to the same period last year. A key driver in the report was the growth in Annualized Recurring Revenue (ARR), which reached $2.56 billion. This marks an 11% increase year-over-year and a 10% increase on an organic basis, signaling strong momentum in the company's subscription-based business model.
Tickers: $TB5
Topics: earnings recurring revenue revenue growth
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Part of the story Trimble Transitions from Hardware to Software Subscription Model (4 articles)