SUNNYVALE, CA, Aug 1, 2019 – Trimble Inc. announced financial results for the second quarter of 2019. Revenue for the second quarter of 2019 was $854.8M, compared to $801.6M for the first quarter of 2019. GAAP net income was $94.6M.
“Our second quarter results met expectations despite greater uncertainties,” said Steven W. Berglund, Trimble’s president and chief executive officer. “Although we anticipate market ambiguities to persist for the remainder of 2019, the business model transformation remains on track. Software, services, and recurring revenue grew by 22 percent in the quarter.”
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.