SUNNYVALE, CA, May 6, 2022 – Trimble Inc. announced financial results for the first quarter of 2022. Revenue for the first quarter of 2022 was $993.7M, up 7.3% compared to $926M for the fourth quarter of 2021. GAAP net income was $110.3M.
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)
“Trimble is a purpose-driven company, transforming and digitizing industries that support how we live, what we eat, how we move,” said Rob Painter, Trimble’s president and chief executive officer. “Record total revenue and annualized recurring revenue demonstrate the value of our continuing growth and commitment to innovation and sustainability. Excluding the impact of our recently announced divestitures and recent changes in foreign exchange rates, our updated guidance reflects a projection of higher ARR growth, revenue and earnings.”
A complete chart of the financial results is available here.
About Trimble
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.
For more information about Trimble, visit www.trimble.com.