As Trimble approaches its 30th anniversary, the company announced that it has passed the billion-dollar mark in annual revenues during 2007.
In a statement of fourth quarter and Fiscal 2007 results released January 29, Trimble reported rvenues of $312.8 million and $1.222 billion, respectively. Net income for fiscal 2007 was up approximately 13 percent, to $117.4 million, compared to net income of $103.7 million in 2006.
As Trimble approaches its 30th anniversary, the company announced that it has passed the billion-dollar mark in annual revenues during 2007.
In a statement of fourth quarter and Fiscal 2007 results released January 29, Trimble reported rvenues of $312.8 million and $1.222 billion, respectively. Net income for fiscal 2007 was up approximately 13 percent, to $117.4 million, compared to net income of $103.7 million in 2006.
In Fiscal 2006, the Sunnyvale, California–based positioning technology company reported revenues of $940.2 million and net income of $103.7 million.
“Trimble achieved a number of milestones in 2007, including that of becoming a billion dollar revenue company,” said Steven Berglund, Trimble’s chief executive officer. “Our future success remains centered on continuous innovation, aggressive expansion into international markets, and executing at a world class level for our users.”
Despite a slower U.S. construction market, Berglund predicted that Trimble could grow revenue by 14 to 17 percent in 2008 based on continued strength in international markets, a strong agriculture market, and “achieving the potential within our Mobile Solutions segment.”
As usual, the company’s engineering and construction business led the growth, with revenues of $743.3 million, up 17 percent compared to 2006. Trimble’s field solutions business produced 2007 revenue of $200.6 million, up approximately 44 percent; mobile solutions revenue was $157.7 million, and advanced devices revenue, $120.7 million, up approximately 17 percent.
