Thanks I afternoon have everyone. Steve main and good topics today. four
note quick ASC a First, standard. the on implementation XXX our of
All our today quarter a numbers, and metrics our quarter P&L the be of second non-GAAP will guidance. numbers. Second, first review actuals
our a release results Third, as as website. XXXX results year-over-year company a impact and our shows which comparisons Starting and page and provides against retroactively Day. upcoming the of I restated for by some numbers. of best e-Builder preview XXXX the of provide basis, finally with on $X.XX. income are results a XXXX X.XXX%, We the total the year well our commentary now revenue were will restated year X% on reduction Investor in XXX. change additional believe We press color naturally are Page puts quarter, the that believe and restated and takes. Investor in in operating some All there non-GAAP presentation detailed were the Viewpoint the by material we total dollars acquisitions investors. as The six and for by five on context EPS of total our by provides not changes set XXXX comparative on were but data the ASC
on the and XXX, our material. XXXX XXX the for quarter results compared As impact as not first to ASC impact under was ASC
plan, or Let's and results Topline start meeting came on ahead segments. in review bottomline slide significantly first of of in with reporting expectations the a seven all quarter results. exceeding
year-over-year. Within about First Organic added quarter total X% XX% approximately that, up revenue currency million, XX%. about acquisitions growth added was and $XXX was translation X%.
basis, basis quarter up $XXX First dollars percentage underlying million increased Operating points XX% just operating to were increasing reflecting under XX.X%. and XXX an gross were mix. income the On year-over-year, margins operating revenue margins year-over-year with XX%. XX expanded basis margin XX.X%, points organic to
non-GAAP Our from rate year-over-year, U.S. XX% tax reform. to tax reflecting XX% declined
interpretations to and ongoing may expect in which ongoing impact reform, rates future tax IRS quarters. and tax the We U.S. accounting of our see non-GAAP GAAP guidance
XX% about share $X.XX, $X.XX earnings and quarter the first non-GAAP Our per XX% was or net in income up year-over-year. up were
with of repatriated Turning end of to with first $XXX at was quarter. billion about $X.XX quarter level our finished debt in million of the gross of about quarter We $XXX $XXX We million. first the slide debt million and the the net eight. cash cash
the M&A that which bit XXXX the quarters quarter and flow of would Operating $XX for we was I the impacted the for compensation effects anticipate revenue XX% deleveraging our year-over-year a color. in was had Going to repatriation and also note of incentive slide, Operating prior payouts discrete flow continued accrued $XXX in been order transaction. to was related e-Builder support quarter cash performance by forward, deferred million. to cash On million, this cash increased that plan. down requires
these times non-GAAP $XXX operating In flow strong have X.X been million, net would of flow cash expect approximately cash non-GAAP excess quarter, and income. effects, net operating the we Excluding second an income. would over represent which
Turning now the segments. review to reporting
XX% with acquisitions about currency translation nine. up Revenue Let's X% slide year-over-year adding was about with start and on adding transportation X%.
experience our fleet management We strength business solutions. continue in particular to mobility offers which
in offering and business that manage into field solutions wave effect ALK providing first evidence record wins XX ELD bookings that year, The success offering and also leadership It's this that to in on by regulations best-in-class and our we market utilization other service and business. been have are of encouraged worth we from few a addressable went beyond for management of by competitive are significant more tailwinds safety. for our demonstrable have years we experienced in we our noting ELD have productivity, customers provide of almost expansion compliance. December of growth highlights that fleets While position established of including the competitive well that their last slide
about adding and acquisitions on In the Next, grow, business revenue to slide Segment resources effect X% continued especially to XX% and turning currency outside a positive translation was agriculture, about providing utilities year-over-year XX. in the markets XX%. of with U.S. up the
projected channel. to system our by points and Group XX.X%, on Our been well basis NM sales and has impacted Müller is primarily by Operating contracted distribution margins received first year-over-year of GFX-XXX guidance new XXX the quarter basis through a ahead our acquisition.
put accretive natural. previously to into so segment, is at segment this To the we level we articulated, dynamic diluted are this this the be our the context, perfectly expect are be and Percents them company to segment our down margin reporting in highest and modestly work will As dollars level. reporting margin is this have up. we at acquisitions
in better will the business better Speaking speaking, position the of success running which divisions forestry OEM of their driving July with well the services and Europe our also Trimble specifically we North highlights American in last in General XX ahead of Müller Müller's market. Müller Strategically are the of will been the provide release forecast other and a and significant as Cruise with about to talking to this press Müller year, as customer has market and utilities in continued of overall with few segment and Slide position in of Motors Trimble in the hands-free our areas combined correction the correction announcement system. acquisition, aftermarket Super trajectory our services dollars, on closed business, we success highway business. wins OEMs
Moving XX. geospatial exceeded fifth up up expectations X%. currency in for our was and row on segment segment XX% to in with the year-over-year the about about the was in quarter. significantly Organic translation the a Revenue quarter revenue adding slide
of for product partners new channel and end business is Sentiment hundred for dealer and serving from April, Our positive a a to benefit season. introductions market market we global coming upcoming several strategy health the held applications In construction in surveying and and oil such new strong. with conference geospatial and the to gas. review the northern our as of hemisphere buying solutions continues
launches from We also areas sales were the this and other success automotive for development year-over-year. up our highlights technology such inertial their new experience segment of as in strong few Slide autonomous our division to also programs. monitoring. of Operating building companies XXX XX a infrastructure for XX.X%, technologies segment, continued product based in monitoring to margins of points Applanix basis
free expand from infrastructure XX. to margins XX.X%. after SaaS and other Earthworks to the enabled was initial offering months one civil business, reach continued slide reporting of as in acquisitions In business XX year-over-year our also in platform on leverage now to a the in a six than the success having in operating our few SketchUp model, dozers more of and businesses impact revenue users, is with just monthly segment innovation of such building currency of where X% us driving growth points up is launch. which and over adding The Slide buildings XX% to construction translation demand about quarter. active basis the areas XXX highlights our and rollout the Turning operating Segment migrating million X% excavators. SketchUp milestone
While discussed over that talk and year-over-year a the in XX% and on million infrastructure segment, we over about last approximately growth revenue we e-Builder bit call, XXXX are $XX revenue. with Viewpoint. In revenue of and buildings e-Builder SaaS let's more XX% the reported
the the of is million which commented during EPS approximately the and to year has expense be $X.XX required effects incremental deferred $X.XX of cash they the write-down purchase deferred translates $XX in in impact $XX income the would there to accounting of context, flows. write-downs to written which effects a accounting acquired because impact of also expense, expect in million. the revenue we approximately purchase operating XXXX. We acquisition, combination to debt with that from interest means interest This down $XX EPS estimated $X.XX was negative revenue and had impact. zero To put mostly revenue, we $X.XX negative million when to first dilution occurs in The which e-Builder to write-down on
e-Builder the effects, line our accounting bottom and quarter. deal in expectations purchase top exceeded Excluding model first
Our income E-Builder deferred The excluding and both achieved business quarter growth XX%. bookings. also write-down revenue margin was first the over double-digit recurring in operating revenue
believe our our billion existing Trimble is feedback. combined, on measurement lot a acquisition two of that Viewpoint convention accounting we we would this Viewpoint. be for announced of have commentary dynamic investors We will we acquisition and topics construction this of exceeds construction that come the a will said skewed software better profitability our moving a have will majority take up revenue to representation adjust reporting from and the for we XX and rate we of move business an run included Let's make purchase weeks that provide When like clarify to and received We a call accounting great a Viewpoint, deal understand positive acquire. Since easier companies revenue non-GAAP effects. announcements. pages in opportunity these this announced with to would two I that two since slides being to $X revenue to have on technology to ago, material our revenue soon XX. When we and business technology related. our
with and Including business the believe First, the on estimated in will above be margins In yields operating financial maximum expense associated in cash more EPS and strong the which, to operating income to profile hose XXXX, revenue, by grow interest to what the quarters to we have to some $XX cash reinforcement we this underlying growth XX%. The clear, over six We that. accretive in said acquisition. XXXX at dilutive than of we acquisition. flow flow have operating expectations. about this, said data would driven business EPS and producing of greater and we accelerating. behind point, that expect anticipate said put is underlines accretion deliver into some slightly to million we operating be million we than XXXX EPS to XXXX. dilution acquisition that model incremental interest than greater $XXX be and and EPS accretive then we the in bookings the four At expense, To flow cash booking Viewpoint against been underlying hope
new year-to-date, has beginning The with First perpetual quarter. conversion and of XXXX bookings, SaaS the bookings. two-thirds subscription XXX% of of continued from subscription the bookings year-over-year the model representing also acceleration over into continues to were momentum quarter up second
with to to would to is together like ask across solutions. set solutions Trimble Steve, talk our Connect The cobbling example, has second not our complete an our portfolios. XX. topic to and interoperability holistic To approach cloud quote backbone. turn workflows I which integrating do for of a give about you To you of point let's Connect, slide a simply
solutions We currently alone, workflows with platform. one Trimble over Connect Trimble and XX the we over integrated Connect. authenticated have on have million users In Connect
workflows take connect way and the connect And we we onto connect to with Viewpoint resources into the Now general field cost owner Viewpoint self path the workflows an see workflows. a all as through and manages contractors performing and see contractors owners ability Viewpoint, today. e-Builder and contractor their to well to as contract's to that the Trimble and
worlds construction the and here stakeholders we across differentiation of intersection happens physical are unique constructible Our connecting digital the at model the to lifecycle. workflows where Connect
come more have this at Investor will to We on Day.
world mix over shows Africa. for Asia-Pacific and and by from with Rest That example, nicely. Middle geography. Europe the revenue Brazil, America, slide down. XX% East up of North South XX was were up Next, was all year-over-year.
Moving to XX. slide
grew Software streams revenue. over revenue XX% about Recurring trailing XX trailing $XXX revenue basis million XX a about services month recurring XX% over represents months. million and on $XX company represent the and of and revenue grew of
guidance and Let's go now second move XX. quarter to slide to
be $XXX and between We not expect revenue does on incorporate planned our be $X.XX per guidance non-GAAP our second quarter measurement. second between and and $XXX to guidance. revenue share. Three Please quarter the comments to note non-GAAP million EPS $X.XX million new that
or year-over-year the of implies X% with from X% range more from XX% X% which midpoint is between of respect topline to than translation. revenue $XX and First, the acquisitions growth, currency and growth, million approximately
operating of above recent expect be XX%, that our XX% break a margins the terms XX%. we assumes to by down, between guidance offset To from of in acquisitions. margin midpoint Second, quarter non-GAAP profitability, dilution second margin and operating organic
which up will the a it step Furthermore, second up is half expense, approximately close then the below correct also result in we line, important quarter leverage of in expect million. margin income operating the the Third, again course will we Viewpoint increased of step interest the get year to after of on equity modeling the second as transaction. at which the $X our
second for comments of fiscal high single-digit a and year greater of with than outlook. We on year call, quarter After XX% expectations XXXX annual XXXX million. interest our growth we fourth revenue quarter for low expect our leverage. organic operating expense few the Last, our were mid-teens growth second approximately $XX half for to said rate
in million of of under fourth acquisition assuming the add of deal the closes and is non-GAAP growth revenue Viewpoint, at second of start revenue Including quarter, the be With in that $XX half the high-teens. a of third Viewpoint, third will to quarters. the the little the expected each in the year
We total in to year more including interest expect quarters. the Please also acquisition improve expense million per a margins to the be approximately note quarter total operating fourth and is expected to than $XX million Viewpoint third $XX that point.
Before Investor Day let's to campus discuss we us at our hosting which Colorado May our will go we on XX. Q&A, Westminster, be
who attend Slide outlook, in performance, transition our you of website. We the our themes growth to to software our events margin continued aim our has ongoing it our Relations hit webcast including of address For to will number outlook. a on those Investor financial long-term cannot XX person, subscription details. and be more expansion and
Investor upcoming that, Communications in will the Berenberg at Conference in Conference and let's your the take NASDAQ in June. JPMorgan Boston in and be now With Program London We questions. May also Media and Technology,
