Q4 2020 Trimble Inc Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Trimble Fourth Quarter and 2020 Results Conference Call. (Operator Instructions)
Now I would like to turn it over to Mr. Rob Painter, Chief Executive Officer of Trimble.
Hello, everyone. 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. In addition, please note that we will be comparing against the 2019 that had a 14th week in the fourth quarter.
Let's start on Slide 2 with the 3 key messages we want to convey today. First, the customer ROI of our technology and the strength of our financial model enabled us to outperform our own expectations in the fourth quarter. Our customer value proposition is rooted in productivity, quality, safety, visibility and sustainability. We are pleased to announce that annualized recurring revenue, or ARR, grew 9% year-over-year to $1.3 billion, while quarterly revenue grew 0.4%
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