SUNNYVALE, CA, May 7, 2020 – Trimble Inc. announced financial results for the first quarter of 2020. Revenue for the first quarter of 2020 was $792.3M, compared to $824M for the fourth quarter of 2019. GAAP net income was $61.9M.
“During these unprecedented times, the health and safety of our employees, dealers, partners, and customers is our first priority,” said Rob Painter, Trimble’s president and chief executive officer. “Our businesses remain essential and we are fully committed to achieving our purpose, to transform the way the world works, and to leverage technology to bring productivity and connectivity to our end markets. In today’s distributed and remote work environments, now more than ever technology can be used to help our customers complete and coordinate tasks, increase productivity, and achieve more in their daily work. We have taken decisive action to ensure safe working environments and to enhance our financial position, which will enable us to stay focused on our Connect & Scale 2025 strategy.”
A complete chart of the financial results is available here.
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation.
For more information about Trimble, visit www.trimble.com.