SUNNYVALE, CA, Oct 31, 2019 – Trimble Inc. announced financial results for the third quarter of 2019. Revenue for the third quarter of 2019 was $783.9M, compared to $854.8M for the second quarter of 2019. GAAP net income was $78.1M.
“Our third quarter revenue reflected prevailing market uncertainties, while earnings per share and cash flow exceeded expectations,” said Steven W. Berglund, Trimble’s president and chief executive officer. “Although we anticipate market ambiguities to persist for the remainder of the year, we demonstrated the ability to control costs while continuing the transformation of our business model towards recurring revenue.”
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.