Nov 04, 2020 / 10:00PM GMT
Operator
Good day, and thank you for standing by. At this time, I would like to welcome everyone to the Trimble Third Quarter 2020 Results Conference Call. (Operator Instructions)
It is now my pleasure to turn the conference over to Mr. Rob Painter, Chief Executive Officer. Sir, please go ahead.
Robert G. Painter - Trimble Inc. - CEO, President & Director
Hello, everyone, and thanks for taking the time to be with us today. Before I get started, a quick reminder that our presentation is available on our website, and we ask that you please refer to the safe harbor at the back.
We'll start on Slide 2 with the 4 key messages we want to convey today. First, the resilience of our team, the quality of our strategy and the strength of our financial model enabled us to outperform our own expectations in the third quarter. ARR grew 10% year-over-year to $1.26 billion, while quarterly revenue grew 1% year-over-year to $793 million. Expanding gross margins and execution on costs led to adjusted EBITDA margins of 26.8%. Our shift to a more hardware-connected,
Q3 2020 Trimble Inc Earnings Call Transcript
Nov 05, 2020
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