Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
TRIMBLE INC. reported the quarter ended September 30, 2022 results: revenue $884.9 million, net income GAAP net income was $85.8 million and non-GAAP net income was $164.0 million, EPS $0.34 on a GAAP basis and $0.66 on a non-GAAP basis. Guidance reaffirmed.
- Period
- the quarter ended September 30, 2022
- Revenue
- $884.9 million
- Net income
- GAAP net income was $85.8 million and non-GAAP net income was $164.0 million
- EPS
- $0.34 on a GAAP basis and $0.66 on a non-GAAP basis
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Trimble Announces Third Quarter 2022 Results • Record annualized recurring revenue of $1.55 billion, up 16 percent on an organic basis • Third quarter total revenue of $885 million, down 2 percent on a year-over-year basis, up 6 percent year-over-year on an organic basis • Record GAAP gross margin of 58.2% and record non-GAAP gross margin of 60.9% WESTMINSTER, Colo., Nov 2, 2022 - Trimble Inc. (NASDAQ:TRMB) today announced financial results for the third quarter of 2022. Third Quarter 2022 Financial Highlights • Revenue of $884.9 million, down 2 percent on a year-over-year basis, up 6 percent year-over-year, excluding the effects of divestitures, acquisitions, and foreign currency translation • Annualized recurring revenue (ARR) was $1.55 billion, up 13 percent year-over-year, up 16 percent on an organic basis • GAAP operating income was $122.4 million and non-GAAP operating income was $209.9 million • GAAP net income was $85.8 million and non-GAAP net income was $164.0 million • Dilut
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