Trimble Q2 2023 Earnings Results - ARR Growth & Margin Expansion

Trimble reported Q2 2023 results highlighting record ARR of $1.88B with 14% organic growth and non-GAAP gross margin of 64.2%. The company demonstrated strong financial performance across its Connect & Scale strategy with double-digit ACV bookings growth, free cash flow of $130M, and continued margin expansion. Key achievements include the Transporeon acquisition, hardware supply chain stabilization, and innovative product launches across Buildings & Infrastructure, Resources & Utilities, Geospatial, and Transportation segments.