Trimble Inc.: Expanding Addressable Market and Ecosystem Approach! 

Trimble, in the first quarter of 2024 results, highlighted three key areas: performance exceeding expectations, a strategic portfolio highlight involving divestitures and joint venture, and the implementation of its new reporting segments. Trimble posted a solid performance with all its three segments surpassing expectations. Its annual recurring revenue (ARR) grew 13% organically alongside a strong free cash flow of $227 million. Gross margins and EBITDA margin also recorded significant expansions. However, it was noted that foreign currency impacts affected their results.