Trimble Clocks 12% Revenue Growth In Q4; Issues FY22 Guidance

Comments
Loading...
  • Trimble Inc TRMB reported fourth-quarter FY21 revenue growth of 12% year-on-year to $926 million, beating the consensus of $895.6 million.
  • Annualized recurring revenue was $1.41 billion, up 9% Y/Y.
  • Product revenue grew 14.6% Y/Y to $562 million. Service revenue was flat at $165.1 million. Subscription revenue rose 14.2% Y/Y to $198.9 million.
  • The gross margin contracted 130 bps to 55.2%.
  • Non-GAAP EPS of $0.62 missed the consensus of $0.63.
  • Trimble held $325.7 million in cash and equivalents.
  • "Trimble is a purpose-driven company, transforming and digitizing industries that support how we live, what we eat, how we move," said CEO Rob Painter.
  • Outlook: Trimble sees FY22 revenue of $3.95 billion - $4.05 billion versus the consensus of $3.96 billion and non-GAAP EPS of $2.75 - $2.95, below the consensus of $2.96. 
  • Price Action: TRMB shares traded lower by 0.14% at $71.50 on the last check Wednesday.
Overview Rating:
Speculative
50%
Technicals Analysis
66
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!