Trimble Inc. (TRMB) Affirms Focus on Growing Software and Recurring Revenues

Core Insights - Trimble Inc. is recognized as a top tech stock to buy, emphasizing its transition to a software-driven revenue model [1] - The company aims for $3 billion in annual recurring revenue and $4 billion in total revenue by 2027, with 80% of current revenues derived from software, two-thirds of which are recurring [2] Revenue Model and Growth Strategy - Trimble is focusing on the AECO segment, which is a significant growth driver, showing high teens annual recurring revenue (ARR) growth and a $1 billion opportunity in cross-selling and upselling [3] - The company is actively converting its business and developing new subscription-based products, indicating a strong overlap in customer segments [4] Company Overview - Trimble Inc. operates in technology, providing hardware, software, and cloud services that connect digital and physical worlds, serving industries such as construction, geospatial, agriculture, and transportation [5]