Trimble Q2 Revenue Down 7% to $734M with $63M Profit

SUNNYVALE, CA, Aug 10, 2020 – Trimble Inc. announced financial results for the second quarter of 2020. Revenue for the second quarter of 2020 was $733.6M, compared to $792.3M for the first quarter of 2020. GAAP net income was $63M.

Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)

Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)

“The resilience of the Trimble team, the quality of our Connect & Scale 2025 strategy, and the strength of our financial model enabled us to perform despite difficult circumstances,” said Rob Painter, Trimble’s president and chief executive officer. “While we expect ongoing macroeconomic challenges, we remain committed to our mission to transform the way the world works, as we enable our customers to digitize their businesses and unlock productivity, quality, safety and sustainability.”

A complete chart of the financial results is available here.

About Trimble

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.

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