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Record annualized recurring revenue of $2.03 billion, up 23 percent on a year-over-year basis, up 13 percent on an organic basisRecord GAAP gross margin of 62.3 percent and record non-GAAP gross...
Trimble Inc reported Q1 2024 revenue growth of 4% to $953.30M, beating consensus. Adjusted EPS of $0.64 also beat consensus. Stock price rose after results.
Trimble Inc (NASDAQ:TRMB) reported a fiscal first-quarter 2024 revenue growth of 4% to $953.30 million, beating the consensus of $912.53 million. Revenue growth was flat Y/Y on an organic basis. The adjusted EPS of $0.64 beat the consensus of $0.62. The stock price gained after the results in the premarket session, only to fall after the market opened. Annualized recurring revenue was $2.03 billion, up 23% Y/Y on an organic basis. Product revenue declined 15.5% Y/Y to $367.1 million. Subscriptio
Agco and Trimble have joined forces to create a leading precision agriculture platform in a landmark transaction.
AGCO and Trimble today announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company.