Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy.
WESTMINSTER, CO, Nov 8, 2024 – Trimble Inc. announced financial results for the third quarter of 2024. Revenue for the third quarter of 2024 was $875.8M, flat compared to $870.8M for the second quarter of 2024. GAAP net income was $40.6M.
“The Trimble team executed well in the quarter, exceeding expectations on both top and bottom lines, while delivering a record $2.19 billion of ARR and record gross margin of 68.5 percent,” said Rob Painter, Trimble’s president and chief executive officer. “We continue to progress our Connect & Scale strategy with the recently announced Mobility divestiture, which will further simplify and focus our business. We look forward to hosting our Dimensions user conference from Nov 11-13, 2024 and our investor day on Dec 10, 2024.”
A complete chart of the financial results is available here.
For more information about Trimble, visit trimble.com.
