Trimble Surpasses Expectations, Eyes 2024 Growth

Trimble Inc. (NASDAQ: TRMB) Reports Impressive FY 2023 Financial Results, Exceeding Expectations

Trimble Inc. (NASDAQ: TRMB) reported impressive financial results for fiscal year 2023, surpassing expectations and indicating a strong performance for the coming year. The company’s fourth-quarter earnings per share (EPS) came in at $0.63, beating the consensus estimate by $0.03. Revenue for the quarter also exceeded forecasts, reaching $932.4 million against the expected $911.71 million. This marked a 9% increase in revenue compared to the previous year, with annualized recurring revenue (ARR) reaching a record $1.98 billion, up 24% year over year.