Trimble expects annual revenue of $3.90 billion to $3.95 billion, up from its prior forecast of $3.84 billion to $3.92 billion.
The company expects full-year adjusted profit between $3.6 per share and $3.7 per share, compared with its earlier projection of $3.47 per share to $3.64 per share.
Revenue from Trimble's AECO segment, which includes architecture, engineering and construction workflows, rose around 11% to $388.5 million.
Revenue from Field Systems was up about 13% to $442.5 million and Transportation and Logistics rose about 6% to $141.0 million.
The company reported revenue of $972 million for the second quarter compared with analysts' average estimate of $951.9 million, according to data compiled by LSEG.
Adjusted earnings came in at 86 cents per share, compared with estimates of , and prior forecast of between .
Trimble forecast third-quarter revenue in the range of $953 million to $978 million and adjusted earnings per share between 83 cents per share and 88 cents per share.
Trimble lifts full-year revenue and profit outlook
Aug. 12 (Reuters) - Navigation equipment maker Trimble TRMB.O raised its full-year revenue and profit forecasts on Wednesday, driven by strong demand for its construction, geospatial and transportation tools.
Shares of the Westminster, Colorado-based company rose about 3.5% in premarket trading after it announced a new share repurchase authorization of up to $1 billion.
New AI tool for transportation and logistics customers
On Tuesday, Trimble introduced Arc Agent, an AI tool for transportation and logistics customers worldwide that automates back-office work including order entry and contract intake.
The company makes software and analytics tools used in industries including construction, transportation, agriculture and geospatial mapping.
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