SUNNYVALE, CA, Feb 9, 2018 – Trimble Inc. announced financial results for the fourth quarter and fiscal year end 2017 results. Fourth quarter 2017 revenue of $708.4 million was up 5.7% as compared to the third quarter of 2017. GAAP net loss was $35.0 million.
The company attributed the loss of this quarter and the year to the additional tax expense of $85M on the sum of accumulated foreign subsidiary earnings and deferred tax impacts which is a direct result of the implementation of the US Tax Cuts and Jobs Act.
“The quarter’s strong results capped a year of significant improvement in which every segment and every region grew,” said Steven W. Berglund, Trimble’s president and chief executive officer. “We enter 2018 with continuing momentum and anticipate further growth and improved operating margins.”
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 a broad range of industries such as agriculture, construction, geospatial and transportation and logistics.
For more information about Trimble, visit www.trimble.com.