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Trimble forecasts upbeat quarterly revenue on demand for software products
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Trimble forecasts upbeat quarterly revenue on demand for software products
Feb 19, 2025 5:15 AM

Feb 19 (Reuters) - Trimble forecast

first-quarter revenue above Wall Street estimates on Wednesday,

banking on strong demand for its hardware and software

solutions.

The navigation products maker reported a 43% rise in revenue

in the fourth quarter for its AECO (Architects, Engineers,

Construction and Owners) segment, which primarily provides

software solutions to the construction industry.

The company has incorporated AI services like SketchUp

Diffusion to enhance design workflows by generating

photorealistic images from simple models using text prompts,

especially for architects and designers.

Trimble is known for their development of scanners,

electronic logging devices for truck drivers, laser rangefinder

and software processing tools, which help improve efficiency and

productivity across sectors like geospatial, agriculture to

transportation.

The company expects first-quarter revenue to be between $794

million and $824 million, the mid-point of which was above

analysts' average estimate of $804.4 million, according to data

compiled by LSEG.

Trimble's fourth-quarter revenue rose 5.5% to $983.4

million, beating estimates of $944.4 million.

The company posted adjusted earnings per share of 89 cents,

a cent ahead of analysts' estimates.

Its revenue from subscription and services unit grew 31% in

the reported quarter.

For the full-year 2025, Trimble expects to report revenue

between $3.37 billion and $3.47 billion, compared with estimates

of $3.43 billion.

Trimble said that the forecast reflects the closing of the

mobility divestiture earlier this month.

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