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Jun 30, 2021
Trimble Q2 2021 Earnings Report
Trimble's Q2 2021 results exceeded expectations, driven by growth in total revenue, annualized recurring revenue, and adjusted EBITDA.
Key Takeaways
Trimble announced record second quarter 2021 results with a total revenue of $945 million, up 29 percent year over year. Annualized recurring revenue (ARR) was $1.35 billion, up 11 percent year over year. The company also raised its full year guidance.
GAAP revenue was $945.2 million, up 29 percent year over year.
Annualized recurring revenue (ARR) was $1.35 billion, up 11 percent year over year.
GAAP operating income was $144.8 million and non-GAAP operating income was $228.6 million.
Adjusted EBITDA was $249.3 million, 26.4 percent of revenue.
Forward Guidance
For the full year 2021, Trimble now expects to report GAAP revenue between $3,550 million and $3,650 million and GAAP earnings per share of $1.53 to $1.71, and non-GAAP revenue between $3,550 million and $3,650 million and non-GAAP earnings per share of $2.45 and $2.65.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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