Trimble (TRMB) Tops Q2 EPS by 14c, Revenues Beat

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Trimble Reports Second Quarter 2020 Results

August 5, 2020 4:05 PM EDT

SUNNYVALE, Calif., Aug. 5, 2020 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) today announced financial results for the second quarter of 2020.

Second Quarter 2020 Financial Summary

Second quarter 2020 GAAP revenue of $733.6 million was down 14 percent as compared to the second quarter of 2019. Second quarter 2020 non-GAAP revenue of $735.2 million was down 14 percent as compared to the second quarter of 2019.

Annualized recurring revenue (ARR) for the second quarter was $1.21 billion, up 6 percent as compared to the second quarter of 2019. Effective this quarter, we are including the annualized value of term licenses in the... More