Wednesday, July 29. 2009

Trimble Cites Positive News in Second Quarter Report

Trimble's CEO Steven Berglund reported guarded optimism about his company's "return to year-over-year revenue growth by late 2009 or early 2010." Such remarks have become rare these days and it sent Trimble's stock up over 14% by mid-day today. Berglund also stated that the Field Solutions business (generally the GIS sector for Trimble) experienced an 11% decline year-over-year but that decline should be tempered by the fact that in 2008 this segment demonstrated a whopping 63% growth in sales.

So, even though Berglund still believes there is significant risk in the market, the numbers represent "more stability in the second quarter than the prior two quarters."

We'll take any good news we can get at this point.

Posted by Joe Francica in GPS, Surveying, Geospatial Business at 10:54 | Comments (0) | Trackbacks (0) |

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