SUNNYVALE, CA , May 2, 2019 – Trimble Inc. announced financial results for the first quarter of 2019. First quarter 2019 revenue of $801.6M was up 2% as compared to the fourth quarter of 2018. GAAP net income was $62.3M.
“Our first quarter results met expectations despite trade uncertainties and lower growth in China,” said Steven W. Berglund, Trimble’s president and chief executive officer. “Our recurring revenue demonstrated significant growth in our end-user markets and our ongoing transition to higher subscription content remains on course.”
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 and logistics.
For more information about Trimble, visit www.trimble.com.