Rob. Thanks
late disruption guidance range supply of revenue out in the reflects in the chain widened. the in to as demand management pandemic QX middle quarter for $XXX was greater-than-anticipated quarter the Turning revenue our first outstanding coming the that slide non-GAAP China. of I'll of million weakness impact five, note despite
China We that exceeded severe guidance our in fact we more when longer-lasting and initial expectations than issued anticipated in fulfillment were demand we despite of shutdowns in customer the mid-February. the
for growth X% added X% X% revenue changes the U.S. during quarter. quarter. the was minus rates Total exchange included in quarter and growth which dollar approximately strengthened during X% revenue to the organic about from the minus minus from Acquisitions as
and year-on-year an represents about was basis. on Our Note organic recurring that in X% recurring ARR QX up revenue strong of a acceleration revenue or with up annualized XXXX. ARR performance X% this X% from
and improvement driven the well Lower an the hardware higher income by well margins, and margins businesses came the year mix, our relatively Gross net number as reasons. principally quarter were end of higher software during performed quarter. improved EPS prior higher guidance Gross a range. margins, EPS Margins improved improved in margins. in year-on-year discounting margin also versus operating of our above for new of introduction levels during products and
in back economy weakness apparent, we on impending the of reduced and discretionary the hiring. outside our pulled and travel including rate As spending, we became services
incentive majority QX, vast addition, quarter. temporary Rob benefit beginning mentioned reductions the reduced did see commission relating until take pay effect his that not in to was last week of so that QX. our and plans Note the cost In expense we the remarks of in the meaningfully will during
six. Turning slide to
on and drive and strong Resources correction revenue a I'll and in for profit factors, segment Utilities here the businesses by demand agricultural the quarter forward. profit expected sector trends products the showing touch The and revenue by and had are segment, services. sector which going driven are to aftermarket We
buying the demand impacted trends be customer were OEM in our solidly end customers through quarter anticipation by quarter. in late factory in and the aided quarter product the in shutdowns by resilient to manufacturing Revenue proved shutdowns, but facilities. was of business Late distribution
and had work growth organic restrictions. starts continued bookings. our project notable Our by revenue our and March quarter business despite growth some despite most weakness organic project COVID-XX-related With the growth construction in recurring Infrastructure offerings. Buildings activity segment in exceptions and civil in driven The occurred ongoing
The dealer were results to off inventories strong prices began in got much products the because because rules. quarter oil of the implementation weaker the and the weaken a both driven down March start new in by decline orders. and Geospatial timing dealers shelter-in-place demand to drew and by business with of
in revenue the in quarter, was driven Transportation XXXX by we part weak the factors QX our in release. discussed
the recall, Revenue you will of took March in implementation our crisis further we related ELD COVID-XX in trends As telematics have to mandate the challenges experienced as hold. business. the weakened
progress gaps of quarter. coming churn and the the we made During we seeing addressing quarter are functionality in lower out significant result, product a as partly
across fleets. transformation to hardware our customers' Going forward we plan to accelerate the higher-performing
put or more was steps stability on the companies the turmoil demand, meaningful goods this supporting in pressure later QX conditions. margins capital a spike transportation market we in year, while the in they markets returns to in significant to pandemic. will relating these Providers continued a significant year reduction will freight position market trucking The normal a experienced as food While to this growth saw energy believe retailers business for demand.
growth One about QX, of through the model as here our on months of observation deterioration number impacted saw a of Overall, weakened which in Revenue a quarter. has then within the recurring in in COVID-XX was down March. timing quarter through revenue the March business took and the of growth and the in first I'll in the two was trends revenue two hold. high was a road. pandemic months and the business, in March trucks revenue quarter decline our additional demand strong maps the the that through was note first conditions strong in mid-teens the by the single-digits market then
like our with remains have the in far period COVID-XX even and recurring weakness. our I'll Customer revenue, which is briefly experience. also strong retention seen in comment crisis to with this the trends in full facility so pre-crisis on hit I'd start March. we our of line business shutdowns in economic after
for clients' systems revenue enterprise of in course day software and Approximately day field our offerings of represent customers' operations. out critical in the enterprise XX% our used recurring Our businesses. or our are
products business long as customers are in So continues our essential. then remain and activity our project as
of usage our In intensified. of has crisis systems the grown fact many since
We have share but priorities facility rethink revenue through. are are however impact our we on delay customers a with their are as awards new will small cope of and shutdowns, bookings the holding our seeing a of XXXX software recurring only coming in this in and that
unsurprisingly businesses more trends revenue COVID-XX in non-recurring March. experiencing are the expanded adverse Our crisis since
production of hampered and the of and our facilities. much at by Our been facilities. the OEM Hardware hardware impacted service by business, been restrictions customers' have of dealers their less access many at has than customers, XX% people which impacted up collectively significantly revenue our sales clients' makes to professional while our lack business shutdown of adversely of been have by work our
revenue billion from with non-recurring the QX backlog. million up roughly $XXX entered we Encouragingly, this over businesses $X.X Of period same of versus is amount last year. our
that to majority backlog convert the year. revenue We expect to of this
Turning slide now seven. to
cash balance Our liquidity sheet access flow remains and strong. to
QX, up ended million quarter operations, $XXX million with flow generated from the We cash. year. $XXX of During prior X% from the of cash we
We to outstanding maturity have renegotiated terms extend to July XXXX of the loan XXXX. July an of term from of
debt due can our on see no anticipate next outstanding two you from table, of for As we any years. principal the the
billion facility. We credit capacity untapped also over of borrowing our $X have on
stable a Our their outstanding outlooks report last investment-grade stable in reaffirmed and week. from just with both issued both Moody's S&P rated by Moody's debt is and agencies. rating outlook
ratios comfortably in compliance our covenants. credit financial We with finished with QX line
primary We model strong access compliance quarters. liquidity for ensuring facility as the to business on coming we potential a scenarios have focus in credit and our
of flow, in business economic Our cash excess generates downturn. even times significant consistently in earnings of
business free financial modeling significantly of worse continue what in we would reduction the crisis. shows financial in flow significant global to environment the saw revenue even Our than that generate cash
we unfolded. of the have and business strategy. even as cash scenarios sheet our crisis model crisis the platform the weather the demonstrated under and to adverse current action us balance our is COVID-XX gives structure The further ability our strong summary, capital In generate has continue to to to our and capital to execute strengthen taken structure
since attention in eight. several the phases of of the the price has ago. last weaknesses slide now financial our several global point Turning declines our two to beginning to years end in crisis end XXXX commodity I'd of like at which to real and model business markets, of ways your the evolved the
under half nearly markets, to reductions this mix XXXX, of gas. business in that This our oil the spend in in and Note left XXXX. mix of declined highly business. a and up revenue XX% revenue that made vulnerable just in especially us of Trimble Geospatial capital hardware segment number XX% Trimble With represented revenues,
has less to any withstand In our focused geographic than with significantly half last now diversification activity. spending sector years, our better in our model reduction revenue of hardware able evolved and XX and making us the up leaves capital
is model diversified The revenue earlier, the the stable is up ever with noted the holding our business resilient I with recurring that COVID-XX As is of more and point of revenue model more business mix. a crisis. months well one-third here through the than first our
I'll nine. to slide to a From to we a talk a about ensure capital now now fortify sheet balance the steps perspective, taken have efforts areas coming. Turning remains for our number business allocation our of we've strong. of undertaken we see recession number that across
hold We a significant clear of put and have end in our suspended temporarily can signs see we acquisitions our recovery share markets. new until program business and repurchase on
earlier, As maturity incentive fronts. loan. travel, spend number our lower taken include program. These increase, have term scheduled perspective, have planned existing on the a I actions and salary From forecasted extension a elimination plans, the an broad-based payouts reduction cost of an of we temporary reduction immediate on like a on noted an salary our discretionary action annual we negotiated in of
ended implemented $XXX of program, reduction temporary have all reduces of while our reduction frontline our QX XX%. by Board our accepted payroll quarter of that, in salary receive effect a approach. approximately CEO, million base no Many which senior reductions workers were Note reductions Directors progressive and The just took XX%. team the per leadership of at as
per rate by expenses salary compared savings quarter million million Of our operating with reduction XXXX operating quarter the the reduced run show when up lower quarter quarterly $XX pre-COVID million per sold. $XX expense first initiatives quarter goods in XX% in when cost million plan. $XX per remainder combined of or run the our of than with savings will cost XXXX The rate other with per approximately $XX our quarter have roughly and salary
managed perspective, the chain doing what in China. keep supply plan we QX us a to for well in From as worked we disruptions
we be and demand. shown to and team meet plans Our in responding see flexible will customer evolving in disruptions ensure constantly has that an whatever ability creative to the we readjust to our we market
over back views it Rob I talk forward. Now, turn to will looking to about our
