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Trimble reports Q1 results and raises full year guidance

Trimble reported their first-quarter results this week and said they’re pleased with the results and looking forward to new growth. Compared to its peers in the market, Trimble has been a little late in the process of moving to subscriptions, and that really hasn’t been a bad idea since they’ve seen the consequent hit to their revenues coincide with the ...

Kathleen Maher

Trimble reported their first-quarter results this week and said they’re pleased with the results and looking forward to new growth. Compared to its peers in the market, Trimble has been a little late in the process of moving to subscriptions, and that really hasn’t been a bad idea since they’ve seen the consequent hit to their revenues coincide with the inevitable slide due to the pandemic. In summing up the quarter, Trimble CEO Rob Painter said, the company exceeded its expectations and delivered a record ARR of $1.32 billion, a 9% year-over-year increase. Trimble saw revenues rise to a record
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