Trimble Shares Drop On FY22 Outlook Cut, Q1 Earnings Beat
Trimble Inc (NASDAQ:TRMB) reported first-quarter FY22 revenue growth of 12% year-on-year to $993.7 million, beating the consensus of $968.2 million. Annualized recurring revenue was $1.47 billion, up 12% Y/Y. Product revenue grew 15.2% Y/Y to $621.6 million. Service revenue was flattish at $161.1 million. Subscription revenue rose 14.2% Y/Y to $211 million. The…
Benzinga ·
Benzinga
