Thank morning, joining you, Paul. Good us. and thank for all you everyone,
In XXXX, highlighted in financial of we our solid we reported organic several quarter delivered second geographies, annual currency we record macro constant XX.X% during our globally. subscriber by further ARR. complemented States. Trimble’s headwinds recurring Field revenue in XX,XXX by added was base bringing Service to Management growth, over the in United fiscal strategic For Despite quarter, again acquisition or results, sequential subscribers business operational our and which increase of total, XXX,XXX
from a of year-over-year with QX total fourth categories year. we growth million ARR. ending adding accelerated a the solution million consecutive XX% subscribers this quarter revenue delivered net constant with XX,XXX up record Financially, of growth of basis, organic subscribers. XX% of followed than net $XX.X quarter Our currency more our across in strong ARR XX,XXX on This $XXX.X and marks generated and all contributions added,
higher performance growing of management continues robust that looking financial be problems. fleet of industry to a fleet cloud-based more new cost on has like supported identify supply commercial which to been and also shortages enhance energy solve our are driver becoming that our to by number telematics complex backlog dramatically to compliance possible Along line, video can solutions advanced asset by fleets momentum and there and chain a solutions technologies elevating the new to telematics requirements, seeing business, Due encouraged reliant vehicle efficiencies. demand strong safety are costs, and further and We tailwinds. managers We're operators globally. fleet
generated margin In terms of performance, XX%. a of we $X our at EBITDA million
from cost closer we margin of expansion continue will the we we confident unlocking in XXXX. and As further synergies FSM to with ‘XX to that mid-XXs base our the EBITDA our margins grow, the will are acquisition, anticipate XXXX. We fixed with fiscal second revenues by fiscal see fiscal margin half that leveraging exit in expansion
quarter, meaningful connections. U.S. ARR or which the During the acquisition U.S. our also additional initiatives through doubled in Field our accretive we million added acquisition expansion our progress of Management effectively Trimble’s XX,XXX business FSM, in and made This $XX.X subscribers group. to an Service
presence to and in our customer our a XX on to like regards and going industries growing base to into the around some refresh We the strategy I'd technology transportation our FSM and the that we various equipment bear the to integrating retain next lost logistics, reiterate logistics a and XX% internal to months. rate long-term acquired M&A XX realizing forward. every team Our not including diversifying a and expect FSM, of rental, requires identified, moment With growth synergies success our mile take is customer core focused plan customer be able FSM In contracts. our business over laser in as new unlocks near-term, do also mind is to our conversion such months business and verticals, construction, have agriculture. base.
the small place, attractive in are We have over acquisition targets medium on identifying who term. focused and near team a
business, We diversify that That customer in on meaningful are opportunities our expand we in and verticals said, our remain focused identifying ideally presence that value continue our contributions that our can opportunities opportunities disciplined to North accretive provide America. will approach. to
of implementation well completed testing our for strategies solutions commercial also their critical and hardware. our to with and release It and risk, moving product These to base. broad and are innovation especially across Last is premium investments released powerful to business product Telematics are draw fast in to customers powerful measure for set leading grow software solution offer the weeks. value our objectives their accurate their easy-to-use also our On from dashboards. and to and with fleet We've high innovate while it are This our month, shortens integration progress customer our installing solution advanced We the proprietary these we to customer an currently issues allows coming sustainability. our a make Europe. and a the on Europe, Ford elecertification Connect our preserving front, makes their vehicle share, automatically competitive on in new downtime and services us with against manufacturers new consistent market customers capture specific manufacturer, cycles. fleet well strategy management MiX retain fleets to we comes we without cost and our driving continued effort. are in direct demand sales intervention, KPI as enables and critical telematics These improve portfolio. impacting systematically The minimal operate multinational enhance through our Services of continue organically another which track and can associated fast and seeing embedded conclusions as ability results before both efficiency where to to the to relevant as also manufacturer the in without long-term we safety, add-on easy, MiX on mid-vehicle from that performance imperative OEM specific integration further the industry to users tool progress operators advantage of and models, and user our data
America, gears in shifting quarter, on existing new our key of last than continued any don't signing of of and form app In while more sales operating rental our in the expanding featuring key they six MyMiX to our accounts. services execute contracts video Now growth app for subscriptions, customer team with QX. would strategy, further Building company-based multiproduct telemetry. wins through Latin Brazil field our use of Africa, In amongst selected four tracking customers on embedded are momentum from telematics. the who including to wins X,XXX a subscribers added some drivers, we have services vehicles that scope our the
multinational of account contract with for our where premium partner is great to of (ph) our global their cater our an in oil in they fleet and global gas ability a stickiness customer GrainCorp. our us a We is company and through presence, with our existing expand connections of we solutions as customer fleet, to the accounts solution a [Tele] solutions deliver they This Ecuador our operations. to helped channel communications. also especially large finalized added and Australia, satellite subsidiary to X,XXX addition a example of inherent it the In
companies France, expansions reports will operational driving U.K., generate in with Europe, technology closely monitor and Italy. secured Spain logistics transport GrainCorp efficiency. Our their we And several based and to allow assets automatic the in and
targets detail high our full recent exclusively ARR low to and his the this believe acquisition let to remarks. firmly organic we For include more our prepared subscription to outlook double-digit expectation year, that speak in further deliver to growth fiscal growth These growth. growth enhance of currency maintain revenue provide mid not so organic additional constant single-digit I'll model our our growth and FSM. acquisition from combined high-single will FSM any We model, Paul on do
higher be and is not of is I negative for following Additionally, in EBITDA forward have business expect low and the flow of has to EBITDA. headwinds. cash. the committed because primarily material levels, and our five supply The macroeconomic the pay build-up biggest cash adjusted dramatically chain where extended a which we the past we has adjusted culprit that impact orders to mid-XX% to believe on sucked experienced prices stating for inventory FSM this know elevated range been compelled do the pressures, will obvious, we’ve Trimble’s acquisition components, have margins quarters
All was of top out that upset us our stock. didn't of ensure by to progress we line running growth
plan normal levels. the With cash start positive contribute generation. pressures returning handsomely the inventory business This industry-wide to supply more to steadily to will towards ease, beginning our returning free chain we to
robust prudently management before one Our we seasoned leadership constantly the our be always team is where here to growth, Remember margins is will that flows. spend, our to having manage by healthy DNA motivated pandemic, get priorities. while strong cash back capital and initiatives. were MiX, a and position controls at characterized well our cost effective cost additional It an to of in highest evaluating organic
our ensure to our subscription to operating remains adjusted to historically positioned We will strong adapt continue growth, We back targets revenue company XX%-plus lean, financial EBITDA margins. drive flexible XX% and margins and currency to our of long-term our dynamically well levels. XX% to reiterate constant
business to again. believe level the to performance our and once targets return As we able pandemic this achieving these a will to was firmly to prior be shortly close reminder, we that of financial
financial enduring Paul I'd in will to and to execute industry ability Paul? Our accelerated to to growth translate tailwinds, on achieve growth initiatives remain detail. our greater us industry-leading like drive our review capitalize our and we now diversity. positioned and to shareholder platform, call business ultimately our financial value. including has new geographic results which innovative turn in confident over believe the more products to We targets well on and long-term
