In the Q2, Caterpillar Inc's corporate clients experienced a reduction by -4.98 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -5.15 %. During the corresponding time, Caterpillar Inc recorded a revenue increase by 23.98 % year on year, sequentially revenue grew by 17.96 %. While revenue at the Caterpillar Inc's corporate clients recorded rose by 10.61 % year on year, sequentially revenue grew by 11.12 %.
Customers of Caterpillar Inc saw their costs of revenue decrease by -4.98 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -5.15 %, for the same period Caterpillar Inc recorded revenue increase by 23.98 % year on year, sequentially revenue grew by 17.96 %.
Caterpillar Inc's Comment on Sales, Marketing and Customers
Caterpillar serves customers primarily in the construction, heavy and general construction, rental, quarry and aggregates, and mining industries through its Construction Industries segment. The company offers differentiated product lines, including the SEM brand machines targeted at developing economies, where purchase price is a key consideration. In developed economies, Caterpillar focuses on providing products that enhance productivity and reduce owning and operating costs. Through its Financial Products segment, Caterpillar provides financing and insurance services primarily via Caterpillar Financial Services Corporation and Caterpillar Insurance Holdings Inc. Caterpillar competes globally with companies such as CASE (part of CNH Industrial N.V.), Deere Construction & Forestry (part of Deere & Company), Doosan Bobcat (part of Doosan Group), Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., and Hyundai Doosan Infracore Co., Ltd. (both part of Hyundai Heavy Industries Group).
Caterpillar Inc’s Comment on Sales, Marketing and Customers
Caterpillar serves customers primarily in the construction, heavy and general construction, rental, quarry and aggregates, and mining industries through its Construction Industries segment. The company offers differentiated product lines, including the SEM brand machines targeted at developing economies, where purchase price is a key consideration. In developed economies, Caterpillar focuses on providing products that enhance productivity and reduce owning and operating costs. Through its Financial Products segment, Caterpillar provides financing and insurance services primarily via Caterpillar Financial Services Corporation and Caterpillar Insurance Holdings Inc. Caterpillar competes globally with companies such as CASE (part of CNH Industrial N.V.), Deere Construction & Forestry (part of Deere & Company), Doosan Bobcat (part of Doosan Group), Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., and Hyundai Doosan Infracore Co., Ltd. (both part of Hyundai Heavy Industries Group).
Sources:
Caterpillar Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Caterpillar Inc’s corporate clients.
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