Trimble Reports Third Quarter 2020 Results

Annualized Recurring Revenue 

In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR is calculated by adding the portion of the contract value of all of our term licenses attributable to the current quarter to our non-GAAP recurring revenue for the current quarter and dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.

 

Cision View original content: http://www.prnewswire.com/news-releases/trimble-reports-third-quarter-2020-results-301166585.html

SOURCE Trimble

Contact:
Company Name: Trimble
Michael Leyba, Investor Relations, 415-309-3127
Email Contact Lea Ann McNabb, Media, 408-481-7808
Email Contact
Web: http://www.trimble.com
Financial data for Trimble



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