SUNNYVALE, CA, Feb 17, 2021 – Trimble Inc. announced fourth quarter and fiscal year 2020 financial results. Revenue for the fourth quarter of 2020 was $829.7M, compared to $792.1M for the third quarter of 2020. GAAP net income was $180.7M.
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)
“Our fourth quarter results exceeded expectations, enabling us to finish the year with solid financial performance,” said Rob Painter, Trimble’s president and chief executive officer. “We experienced growth in annualized recurring revenue, adjusted EBITDA and operating cash flow. While we enter 2021 expecting ongoing market ambiguities, we enter with confidence and resolve to execute our Connect and Scale 2025 strategy.”
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.
