Trimble Q2 2020 Earnings Report
Key Takeaways
Trimble reported a decrease in revenue compared to the previous year, but experienced growth in annualized recurring revenue and operating margin. The company acknowledges ongoing macroeconomic challenges due to the COVID-19 pandemic.
Annualized recurring revenue (ARR) increased by 6% compared to the second quarter of 2019, reaching $1.21 billion.
GAAP operating margin was 13.3% of revenue, compared to 12.8% in the second quarter of 2019.
Non-GAAP operating margin was 23.1% of revenue, compared to 20.5% of revenue in the second quarter of 2019.
GAAP revenue was $733.6 million, a 14% decrease compared to the second quarter of 2019.
Trimble
Trimble
Trimble Revenue by Segment
Forward Guidance
Trimble is not providing a financial outlook for the third quarter of 2020 or the remainder of 2020 due to continued global economic uncertainty caused by the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income