GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

Fourth Quarter of

Fiscal Years

2016

2015

2016

2015

Dollar

% of

Dollar

% of

Dollar

% of

Dollar

% of

Amount

Revenue

Amount

Revenue

Amount

Revenue

Amount

Revenue

GROSS MARGIN:

GAAP gross margin:

$  312.8

53.4 %

$  293.1

52.4 %

$  1,238.0

52.4 %

$  1,202.2

52.5 %

Restructuring charges

( A )

0.5

0.1 %

0.6

0.1 %

1.7

0.1 %

1.4

0.1 %

Amortization of purchased intangible assets

( B )

18.7

3.2 %

23.8

4.2 %

88.6

3.8 %

92.6

4.0 %

Stock-based compensation

( C )

1.0

0.2 %

1.0

0.2 %

3.8

0.1 %

3.9

0.2 %

Non-GAAP gross margin:

$  333.0

56.9 %

$  318.5

56.9 %

$  1,332.1

56.4 %

$  1,300.1

56.8 %

OPERATING EXPENSES:

GAAP operating expenses:

$  257.5

44.0 %

$  260.2

46.5 %

$  1,057.0

44.7 %

$  1,047.8

45.7 %

Restructuring charges

( A )

(1.8)

(0.3)%

(2.4)

(0.4)%

(11.6)

(0.5)%

(11.4)

(0.5)%

Amortization of purchased intangible assets

( B )

(14.9)

(2.5)%

(16.4)

(2.9)%

(62.2)

(2.6)%

(69.8)

(3.1)%

Stock-based compensation

( C )

(11.6)

(2.0)%

(11.8)

(2.1)%

(48.8)

(2.1)%

(46.2)

(2.0)%

Acquisition / divestiture items

( D )

(3.4)

(0.6)%

(1.9)

(0.4)%

(6.8)

(0.3)%

(9.9)

(0.4)%

Executive transition costs

( E )

—

—%

—

—%

(1.0)

—%

—

—%

Litigation

( F )

—

—%

(0.3)

—

—%

(0.3)

—%

Non-GAAP operating expenses:

$  225.8

38.6 %

$  227.4

40.6 %

$     926.6

39.2 %

$     910.2

39.7 %

OPERATING INCOME:

GAAP operating income:

$    55.3

9.4 %

$    32.9

5.9 %

$     181.0

7.7 %

$     154.4

6.7 %

Restructuring charges

( A )

2.3

0.4 %

3.0

0.5 %

13.3

0.6 %

12.8

0.6 %

Amortization of purchased intangible assets

( B )

33.6

5.7 %

40.2

7.2 %

150.8

6.4 %

162.4

7.1 %

Stock-based compensation

( C )

12.6

2.2 %

12.8

2.3 %

52.6

2.2 %

50.1

2.2 %

Acquisition / divestiture items

( D )

3.4

0.6 %

1.9

0.3 %

6.8

0.3 %

9.9

0.4 %

Executive transition costs

( E )

—

—%

—

—%

1.0

—%

—

—%

Litigation

( F )

—

—%

0.3

0.1 %

—

—%

0.3

—%

Non-GAAP operating income:

$  107.2

18.3 %

$    91.1

16.3 %

$     405.5

17.2 %

$     389.9

17.0 %

NON-OPERATING INCOME (EXPENSE), NET:

GAAP non-operating income (expense), net:

$      1.5

$     (4.6)

$       (4.3)

$       (2.6)

Acquisition / divestiture items

( D )

(3.6)

1.9

(3.5)

(3.9)

Non-GAAP non-operating income (expense), net:

$     (2.1)

$     (2.7)

$       (7.8)

$       (6.5)

GAAP and

GAAP and

GAAP and

GAAP and

Non-GAAP

Non-GAAP

Non-GAAP

Non-GAAP

Tax Rate %

( I )

Tax Rate %

( I )

Tax Rate %

( I )

Tax Rate %

( I )

INCOME TAX PROVISION:

GAAP income tax provision:

$    19.1

34 %

$      4.4

16 %

$       44.5

25 %

$       31.1

20 %

Non-GAAP items tax effected

( G )

16.4

9.3

55.3

47.1

Difference in GAAP and Non-GAAP tax rate

( H )

(10.2)

7.5

(4.3)

13.8

Non-GAAP income tax provision:

$    25.3

24 %

$    21.2

24 %

$       95.5

24 %

$       92.0

24 %

NET INCOME:

GAAP net income attributable to Trimble Inc.

$    37.7

$    24.0

$     132.4

$     121.1

Restructuring charges

( A )

2.3

3.0

13.3

12.8

Amortization of purchased intangible assets

( B )

33.6

40.2

150.8

162.4

Stock-based compensation

( C )

12.6

12.8

52.6

50.1

Acquisition / divestiture items

( D )

(0.2)

3.8

3.3

6.0

Executive transition costs

( E )

—

—

1.0

—

Litigation

( F )

—

0.3

—

0.3

Non-GAAP tax adjustments

( G ) & ( H )

(6.2)

(16.8)

(51.0)

(60.9)

Non-GAAP net income attributable to Trimble Inc.

$    79.8

$    67.3

$     302.4

$     291.8

DILUTED NET INCOME PER SHARE:

GAAP diluted net income per share attributable to Trimble Inc.

$    0.15

$    0.09

$       0.52

$       0.47

Restructuring charges

( A )

0.01

0.01

0.06

0.05

Amortization of purchased intangible assets

( B )

0.13

0.16

0.59

0.63

Stock-based compensation

( C )

0.04

0.05

0.20

0.19

Acquisition / divestiture items

( D )

—

0.02

0.01

0.02

Executive transition costs

( E )

—

—

—

—

Litigation

( F )

—

—

—

—

Non-GAAP tax adjustments

( G ) & ( H )

(0.02)

(0.06)

(0.19)

(0.23)

Non-GAAP diluted net income per share attributable to Trimble Inc.

$    0.31

$    0.27

$       1.19

$       1.13