Trimble Inc. (TRMB - Free Report) continues to make advances in the construction sector in order to gain further momentum among contractors.
In sync with this strategy, the company will unveil a cloud-based application, WorksManager Software, at bauma 2019. This new software allows contractors to manage data and technology assets across various construction sites with ease.
The new software will help contractors to avoid wastage of time, and work with more constructible and actionable models, thereby increasing efficiency and productivity.
The company said that the WorksManager software will be integrated with Trimble Earthworks Grade Control Platform, Trimble Siteworks Software and Trimble Business Center.
This software is expected to help wirelessly transfer data such as 3D designs to the construction site, thus saving time, money and energy. The supervisors and data managers will be able to work with more accuracy as they can check the entire work of the construction site through a dashboard. The dashboard will show all the details of the data and assets used, in turn increasing efficiency.
In addition, contractors can view their construction technology in the field in real time to help prevent mistakes and avert rework.
This in turn will aid Trimble in reaping benefits from the global construction management software market.
This latest launch should bode well for Trimble’s increased focus on strengthening footprint in the civil construction sector on the back of its expanding construction software portfolio.
We believe WorksManager software is likely to be a strong addition to the company’s Connected Site ecosystem for managing construction technology, which enables contractors to efficiently conduct critical work.
On a further encouraging note, the company has been making a lot of efforts to enhance its overall offerings. It recently unveiled a software named Farmer Core, which aids in automatic synchronization among guidance lines, field names, boundaries and landmarks, among others, in order to expand agriculture business.
All these strong endeavors will continue to expand Trimble’s product portfolio, and are expected to aid its performance and serve customers better.
Zacks Rank & Other Stocks to Consider
Currently, Trimble has a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader technology sector include Garmin (GRMN - Free Report) , Ctrip.com International, Ltd. (CTRP - Free Report) and ASOS plc (ASOMY - Free Report) . While Garmin sports a Zacks Rank #1 (Strong Buy), both Ctrip.com and ASOS carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Garmin, Ctrip.com and ASOS is currently projected at 7.35%, 23% and 8%, respectively.
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