Trimble chalks up good quarter; holds its cards close

Trimble’s fiscal third-quarter report for 2020 reveals a company that’s managing a transition to subscription and building a new business in several segments. The pandemic did not come at an ideal time for the company and the company has responded by taking a pass on forecasts. Revenue for the quarter was flat at $792.1 million, a 1% increase. The company’s ARR, fortunately for them, is growing at a faster rate, at 10%. ARR for the third quarter was 1.26 billion. Income came in at $84.7 million. The company’s CEO Rob Painter said, “Our strong third-quarter results demonstrate that Trimble technology