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Sep 29, 2023
Trimble Q3 2023 Earnings Report
Reported record annualized recurring revenue and gross margin, demonstrating progression of the Connect & Scale strategy.
Key Takeaways
Trimble announced its Q3 2023 financial results, reporting a revenue of $957.3 million, up 8% year-over-year. The company's annualized recurring revenue reached a record $1.94 billion, a 25% increase year-over-year. GAAP EPS was $0.30, while non-GAAP EPS was $0.68.
Record annualized recurring revenue of $1.94 billion, up 25 percent year-over-year.
Third quarter total revenue of $957 million, up 8 percent year-over-year.
GAAP gross margin of 61.7 percent and non-GAAP gross margin of 65.0 percent.
GAAP operating income margin of 12.7 percent and non-GAAP operating income margin of 26.2 percent.
Forward Guidance
For the full-year 2023, Trimble now expects to report revenue between $3,757 million and $3,797 million, GAAP EPS of $1.15 to $1.23, and non-GAAP EPS of $2.58 to $2.66. For the fourth quarter of 2023, Trimble expects to report revenue between $890 million and $930 million, GAAP EPS of $0.14 to $0.23, and non-GAAP EPS of $0.55 to $0.63.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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