Trimble TRMB has made Trimble Earthworks Grade Control Platform software and Trimble Siteworks software available worldwide as a subscription-based service.

The software solutions are provided at a contracted and fixed monthly price, with flexible terms of one year, three years or five years.

The subscription service also includes the cloud-based application named Trimble WorksManager Software, which helps customers to wirelessly transfer data from the office to the field.

In addition, hardware and software upgrades, accidental damage protection for hardware as well as local technical support, training, and customer service packages from the SITECH construction technology are included in the subscription service.

With the help of these subscription-based solutions, contractors can modernize large fleets and survey equipment inventories without requiring large capital investment.

Hence, the recent move will help the company in expanding its reach to contractors.

Further, the move is expected to contribute well to its Buildings and Infrastructure segment.

Trimble Inc. Price and Consensus

Trimble Inc. price-consensus-chart | Trimble Inc. Quote

Buildings and Infrastructure Segment in Focus

Trimble has been persistently making strong efforts to boost the construction segment prospects by providing advanced technological solutions to construction professionals so that they can develop quality projects.

In addition to the recent move, the company Introduced a connected model-based estimating workflow to help contractors gain more project insight and visibility, and attain better collaboration & enhancement in project execution.

Trimble also collaborated with One Click LCA to help users in measuring carbon emissions at different phases of construction projects.

Further, it launched a connected and cloud-based construction management platform named Trimble Construction One to help contractors get accurate real-time data and accordingly make strategic decisions related to construction projects.

This segment has become an integral part of the company. It contributed 39% to fiscal third-quarter 2021 revenues. Also, segment revenues increased 10.2% year over year.

Trimble’s Portfolio Strength

Trimble is focusing more on strengthening the product portfolio for better positioning, modeling, connectivity, and data analytics to benefit customers with enhanced productivity, quality, safety as well as sustainable solutions. The software solutions have further added strength to its portfolio.

We believe its strengthening product portfolio will continue to drive customer momentum in the days ahead, which in turn will benefit financial performance. This will aid the company in winning investors’ confidence.