Q1 2022 Trimble Inc Earnings Call Transcript
Thank you for standing by, and welcome to the Trimble First Quarter 2022 Results. (Operator Instructions)
I would now like to hand the conference over to Rob Painter, Chief Executive Officer. Please go ahead, sir.
Welcome, everyone. Before I get started, our presentation is available on our website, and we ask that you refer to the safe harbor at the back.
Let's begin on Page 2, with gratitude and a shout-out to our team and our partners for delivering a record first quarter that exceeded our expectations. The team delivered record levels of annualized recurring revenue of $1.47 billion, revenue of $994 million and EBITDA of $253 million. Every reporting segment met or exceeded expectations and backlog stands at $1.7 billion.
Our software teams exceeded expectations on delivering ARR growth as we continue to transform our business models. And we achieved record levels of recurring software bookings in many parts of the business. On the hardware side, our operations team
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