Trimble (TRMB) Revenue — Quarter Ended Dec 29, 2023
In the quarter ended December 29, 2023, revenue declined sequentially from the preceding quarter, reversing the prior sequential increases seen earlier in the fiscal year. Compared with the same quarter one year earlier, revenue rose moderately.
Key takeaway
Quarter ended Dec 29, 2023 · FY2023 Q4
In the quarter ended December 29, 2023, revenue declined sequentially from the preceding quarter, reversing the prior sequential increases seen earlier in the fiscal year. Compared with the same quarter one year earlier, revenue rose moderately.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$932.4M
Revenue reported for this quarter.
Quarter-over-quarter
-2.6%
Change from the immediately preceding quarter.
Year-over-year
+8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $915.4M | -7.9% |
| Jun 30, 2023 | $993.6M | +5.6% |
| Sep 29, 2023 | $957.3M | +8.2% |
| Dec 29, 2023 | $932.4M | +8.9% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a sequential contraction after several quarters of gains. On a year-over-year basis, revenue was higher than the comparable period one year ago.
Quarterly comparison
Revenue fell compared to the prior quarter, contrasting with the sequential growth experienced in each of the first three quarters of the year. However, revenue increased relative to the same quarter a year earlier, continuing a pattern of year-over-year expansion evident throughout the trend data.
What to watch
The sequential decline in revenue at the final quarter warrants attention, as it broke the prior pattern of consecutive quarterly increases.